2021-09-26 07:55:27

Tezos Price Analysis: XTZ could break past the $7.5 mark if bulls persist

TL;DR Breakdown Tezos price analysis is bearish for the next 24 hours.Tezos saw a bounce from $6 support today.Further upside currently gets rejected. The market is presently rejecting any higher development in the direction of $7.5, which was a strong support earlier this week. As a result, we anticipate XTZ/USD to make another attempt to test the $7.0 support in the near future. Over the past day, the market as a whole has been in the green. Bitcoin has climbed 1.85 percent, while Ethereum has advanced just 0.36 percent. Meanwhile, Solana (SOL) is the standout performer, increasing by 16%. Tezos price movement in the last 24 hours: Tezos bounce from the $6 mark After a recent decline against the US dollar, OST/USD is now pushing higher. The pair was up over 5% at one point today, and after testing resistance at $6.19, it moved to $6.48 before slipping back to the upper boundary of its daily range. Trading volume has been pretty low this morning; as of XTZ/USD 4-hour chart: XTZ to go for another test of the $6 support? On the hourly chart, we can see that the Tezos price has failed to move significantly higher today, suggesting another bearish trend overnight. XTZ/USD 4-hour chart. Source: TradingView The price of Tezos has appreciated this month, with bullish momentum returning. After a drop to $4 on the 7th of September, a new sizable swing highlow was established. On September 14th, XTZ/USD was up 100 percent to $8. Howev...

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