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  • Tezos price is contained inside a descending triangle pattern formed on the 1-hour chart.
  • A clear breakout has the potential to drive XTZ towards $2.5.

Tezos dropped by 28% in the past three days since the entire cryptocurrency market crashed and it’s now trying to recover after a small bounce from its low at $2.07. A clear breakout above a crucial descending triangle pattern could drive Tezos price to $2.5.

Bulls are eying up $2.5 in the short-term for Tezos price

On the hourly chart, Tezos price is bounded inside a descending triangle pattern. The current price is just below the upper trendline. A breakout above this point can quickly drive XTZ towards $2.5 using the height of the pattern as a reference point.

xtz price

 

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