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  • Tezos trades nearly 11% lower as crypto sentiment is poor on Monday.
  • The price has fallen around 20% since February 19th.

XTZ/USD 1-Hour Chart

Tezos has fallen from grace recently falling over 20% from the high 5 sessions ago.

Now the market is making consecutive lower highs and lower lows.

Another bearish signal is the fact that XTZ/USD has taken out the 61.8% Fibonacci level.

The next main support level is at the 3.00 Fibonacci level.