Tezos is Trading -8.77% Below Our Price Prediction for Dec 09, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Tezos is up 3.17% today against the US Dollar
• Tezos is currently trading 8.77% below our prediction on Dec 09, 2023
• Tezos gained 11.80% in the last month and is down -13.00% since 1 year ago

XTZ price is expected to rise by 10.26% in the next 5 days according to our Tezos price prediction

is trading at $ 0.874590 after gaining 3.17% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.35% in the same time period. XTZ performed poorly against BTC today and recorded a -1.38% loss against the world’s largest cryptocurrency.

According to our Tezos price prediction, XTZ is expected to reach a price of $ 0.958629 by Dec 09, 2023. This would represent a 10.26% price increase for XTZ in the next 5 days.

XTZ Price Prediction Chart

Buy/Sell Tezos

What has been going on with Tezos in the last 30 days

Tezos has been displaying a positive trend recently, as the coin gained 11.80% in the last 30-days. The medium-term trend for Tezos has been bullish, with XTZ increasing by 25.27% in the last 3 months. The long-term picture for Tezos has been negative, as XTZ is currently displaying a -13.00% 1-year price change. On this day last year, XTZ was trading at $ 1.01.

Tezos reached its all-time high price on Dec 17, 2017, when the price of XTZ peaked at $ 12.26. The current XTZ cycle high is $ 9.08, while the cycle low is at $ 0.319784. XTZ has been displaying low volatility recently – the 1-month volatility of the coin is at 3.70. Tezos recorded 20 green days in the last 30 days.

Tezos technical analysis for today – Dec 05, 2023

The sentiment in the Tezos markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.834682, $ 0.819180 and $ 0.803372, while $ 0.865991, $ 0.881799 and $ 0.897301 are the key resistance levels.

Neutral sentiment for Tezos

23 indicators are currently signaling a bullish prediction for Tezos, while 8 indicators are showing a bearish forecast. With 74% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Tezos.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 74 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Tezos moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Tezos is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Tezos is at 54.20, suggesting that XTZ is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Tezos over the last 50 days. Currently, Tezos is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XTZ closing price for the last 200 days. XTZ is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Tezos prediction

After considering the above factors, we can conclude that the current forecast for Tezos price prediction is Neutral. XTZ would have to increase by 10.26% to hit our $ 0.958629 target within the next five days. Moving forward, it will be important to monitor the XTZ market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Tezos price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.