- Tezos bulls fail to hit 2.20 despite a half a percent price rise on Friday.
- The bulls still looking in control of the pair as technical signs look positive.
XTZ/USD 4-hour chart
Tezos is trading higher today unlike most of its crypto counterparts but the pair failed to break an important resistance zone. The pair was targeting the black resistance line at 2.20 but the bears pushed the price lower.
In terms of technical signs, the price is trading above the 55 and 200 moving averages. The relative strength index indicator also pushed to elevated levels but subsequently moved back into the mid-zone. If the price does move lower the red horizontal line at 1.80 could be an area of support along with the psychological 2.00 mark. One thing is for sure if a break higher is on the cards it would be nice to see more volume.
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