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  • Tezos is trading 11.58% higher on a great day for cryptocurrencies.
  • XTZ/USD looks to be heading to the previous highs of 3.6099.

XTZ/USD 1-Hour Chart

Tezos is one of the best performing altcoins this year just over 155% higher.

The bulls are now looking to target the highs of 3.6099.

In terms of chart patterns, the price has now converged into a channel formation.

The price is currently hugging the top channel and could retrace before moving higher.

The price has just moved above the 3.500 level which has provided some resistance in the past.

Over the longer-term there are not any other levels above this because we are soo close to all time highs.