- Bullish XTZ price prediction is $1.646 to $6.572.
- Tezos (XTZ) price might also reach $10 soon.
- XTZ bearish market price prediction for 2022 is $1.210.
In Tezos (XTZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XTZ to analyze the future movement of the cryptocurrency.
Tezos (XTZ) Current Market Status
According to CoinGecko, the price of Tezos (XTZ) is $1.05 with a 24-hour trading volume of $83,589,334 at the time of writing. However, XTZ has decreased by nearly 4.9% in the last 24 hours.
Moreover, Tezos (XTZ) has a circulating supply of 891,158,942 XTZ. Currently, Tezos (XTZ) trades in cryptocurrency exchanges such as Binance, Digifinex, Coinbase, WhiteBIT, FMFW.io, OKX, KuCoin, Gate.io, HitBTC, and Crypto.com.
What is Tezos (XTZ)?
Tezos (XTZ) is the native cryptocurrency of the Tezos. Tezos is an open-source, smart contract-based blockchain that facilitates the creation and development of smart contracts and dApps.
The blockchain is secured by a modified proof-of-stake (PoS) called liquid proof-of-stake (LPoS). Transactions are added onto the blocks and validated by group of validators called bakers and endorsers. Bakers are the ones who stake XTZ tokens and create new blocks. While endorsers validate the blocks.
Users can stake Tezos (XTZ) tokens to validate blocks and secure the blockchain. Token holders receive voting rights and participate in the network’s governance.
Tezos (XTZ) Price Prediction 2022
Tezos (XTZ) holds the 42nd position on CoinGecko right now. XTZ price prediction 2022 is explained below with a daily time frame.
The above chart of Tezos (XTZ) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.
From the above chart, we can interpret that the momentum of the downtrend is slowing down.
Currently, Tezos (XTZ) is in the range of $1.42. If the pattern continues, the price of XTZ might reach the resistance levels of $4.147, and $2.372. If the trend reverses, then the price of XTZ may fall to $1.207.
Tezos (XTZ) Support and Resistance Levels
The chart below shows the support and resistance levels of Tezos (XTZ).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Tezos (XTZ).
| Resistance Level 1 | $1.646 |
| Resistance Level 2 | $2.233 |
| Resistance Level 3 | $2.915 |
| Resistance Level 4 | $4.089 |
| Resistance Level 5 | $5.191 |
| Resistance Level 6 | $6.572 |
| Support Level | $1.210 |
The charts show that Tezos (XTZ) has performed a bullish trend over the past month. If this trend continues, XTZ might run along with the bulls overtaking its resistance level at $6.572.
Accordingly, if the investors turn against the crypto, the price of Tezos (XTZ) might plummet to almost $1.210, a bearish signal.
Tezos (XTZ) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Tezos (XTZ) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. RVOL of XTZ was above the cut-off line in the first week of June. But currently, the RVOL of XTZ lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Tezos (XTZ) is shown in the chart above. Notably, Tezos’s (XTZ) price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, XTZ has entered a bearish state. Therefore, there is a possibility of a reversal trend of XTZ at any time.
Meanwhile, the relative strength index (RSI) of the XTZ is 37.76. This means that Tezos (XTZ) is in an oversold state. However, this means a major price reversal of XTZ may occur in the upcoming days. So, traders need to trade carefully.
Tezos (XTZ) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Tezos (XTZ). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Tezos (XTZ). Currently, the ADX of XTZ lies in the range of 26.811 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Tezos (XTZ). RVI measures the constant deviation of price changes over a period of time. The RVI of XTZ lies above 50, indicating high volatility. In fact, the RSI of Tezos (XTZ) is at 37.76, thus confirming a potential buy signal.
Comparison of XTZ with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Tezos (XTZ).
From the above chart, we can interpret the price changes of BTC, ETH, and XTZ are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XTZ would increase or decrease respectively.
Tezos (XTZ) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Tezos (XTZ) might probably attain $16 by 2023.
Tezos (XTZ) Price Prediction 2024
With several upgrades in the network, Tezos (XTZ) might enter a bullish trajectory. If the coin grabs the attention of major investors, XTZ might rally to hit $20 by 2024.
Tezos (XTZ) Price Prediction 2025
If Tezos (XTZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, XTZ would rally to hit $25.
Tezos (XTZ) Price Prediction 2026
If Tezos (XTZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, XTZ would rally to hit $32.
Tezos (XTZ) Price Prediction 2027
If Tezos (XTZ) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, XTZ would rally to hit $37.
Tezos (XTZ) Price Prediction 2028
If Tezos (XTZ) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, XTZ would hit $43 in 2028.
Tezos (XTZ) Price Prediction 2029
If investors flock in and continue to place their bets on Tezos (XTZ), it would witness major spikes. XTZ might hit $49 by 2029.
Tezos (XTZ) Price Prediction 2030
With greater advancements in the Tezos ecosystem, the crypto community might continue to invest in XTZ for the next 8 years and drive significant price rallies for the token. Hence, Tezos (XTZ) might hit $55 by 2030.
Conclusion
With continuous improvements in the Tezos network, we can say that 2022 is a good year for XTZ. For this reason, the bullish price prediction of Tezos (XTZ) in 2022 is $6.572. On the other hand, the bearish price prediction of Tezos (XTZ) price prediction for 2022 is $1.210.
Furthermore, with the advancements and upgrades to the Tezos ecosystem, the performance of XTZ would help to reach above its current all-time high (ATH) of $9.12 very soon. But, it might also reach $10 if the investors believe that XTZ is a good investment in 2022.
FAQ
Tezos (XTZ) is the native crypto token of Tezos. Tezos is an open-source blockchain that facilitate the creation and development of smart contracts and dApps.
Tezos (XTZ) has been listed on many crypto exchanges which include Binance, Digifinex, Coinbase, WhiteBIT, FMFW.io, OKX, KuCoin, Gate.io, HitBTC, and Crypto.com.
With the ongoing developments and upgrades within the Tezos platform, XTZ has a high possibility of reaching its ATH soon.
On October 04, 2021, Tezos (XTZ) reached its new all-time high (ATH) of $9.12.
Tezos (XTZ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Tezos in the past few months, XTZ is considered a good investment in 2022.
Tezos (XTZ) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Tezos (XTZ) will hit $10 soon.
Tezos (XTZ) price is expected to reach $16 by 2023.
Tezos (XTZ) price is expected to reach $20 by 2024.
Tezos (XTZ) price is expected to reach $25 by 2025.
Tezos (XTZ) price is expected to reach $32 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended For You
Source: https://thenewscrypto.com/tezos-xtz-price-prediction