- Tezos (XTZ) is the best performing coin out of top-20.
- The coin has gained over 10% in recent 24 hours.
Tezos (XTZ) has been pretty volatile lately.The 16h digital asset with the current market value of $770 million, Tesoz has gained over 10% in recent 24 hours and became one of the best-performing cryptocurrencies out of top-20. At the time of writing, XTZ/USD is changing hands at $1.18.
Tezos average daily trading volume is registered at $5 million, in line with long-term figures. It is most actively traded against BTC on BitMax, Kraken leads in terms of aggregate trading volumes denominated in USD.
Looking technically, the price retains an upside potential. A sustainable move above $1.20 will open up the way towards the recent high at $1.23 and $1.2570 (the highest level since November, 14, 2018), that’s where fresh selling interest is likely to appear. However, once this barrier is cleared, $1.30 will come into focus.
On the downside, the initial support lies with $1.16, while a stronger barrier is created by psychological $1.00. The coin retains the bullish potential as long as it stays above this handle. Once it is broken, the sell-off will gain traction with the next aim at $0.8200 (April, 4 low).
Share
