Tezos (XTZ) Price Prediction 2022 — Will XTZ Hit $3 Soon?
- Bullish Tezos price prediction is $1.650 to $2.905.
- Tezos (XTZ) price might also reach $3 soon.
- Bearish Tezos price prediction for 2022 is $1.284.
In Tezos (XTZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about Tezos to analyze the future movement of the cryptocurrency.
Tezos (XTZ) Current Market Status
According to CoinGecko, the price of Tezos (XTZ) is $1.42 with a 24-hour trading volume of $37,579,616 at the time of writing. However, Tezos has decreased by nearly 6.2% in the last 24 hours.
Moreover, Tezos (XTZ) has a circulating supply of 902,655,483 Tezos. Currently, Tezos (XTZ) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, Huobi Global, Kraken and Bithumb
What is Tezos (XTZ)?
Tezos (XTZ) is the native cryptocurrency of 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 a 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 43rd position on CoinGecko right now. Tezos price prediction 2022 is explained below with a daily time frame.
The above chart of Tezos (XTZ) laid out a Descending Channel. Descending channel is also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
Currently, Tezos (XTZ) is in the range of $1.445 If the pattern continues, the price of Tezos might reach the resistance levels of $1.926, $2.822 and $4.120.If the trend reverses, then the price of Tezos may fall to $1.380.
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||$1.650|
|Resistance Level 2||$1.962|
|Resistance Level 3||$2.420|
|Resistance Level 4||$2.905|
|Support Level 1||$1.284|
The charts show that Tezos (XTZ) has performed a bullish trend over the past month. If this trend continues, Tezos might run along with the bulls overtaking its resistance level at $2.905
Accordingly, if the investors turn against crypto, the price of Tezos (XTZ) might plummet to almost $1.284, 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. Currently, the RVOL of Tezos 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 (XTZ) price lies above 50 MA (short-term), so it is in an uptrend. Currently, Tezos has entered a bullish state. Therefore, there is a possibility of a reversal trend of Tezos at any time.
Meanwhile, the relative strength index (RSI) of the Tezos is 42.90. This means that Tezos (XTZ) is in an oversold state. However, this means a major price reversal of Tezos 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 Tezos lies in the range of 18.004 and thus, it indicates a weak 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 Tezos lies below 50, indicating low volatility. In fact, the RSI of Tezos (XTZ) is at 42.90 thus confirming a potential sell signal.
Comparison of Tezos 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 that the price action of XTZ is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of XTZ increases.When the price of BTC and ETH decreases,the price of XTZ decreases
Tezos (XTZ) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Tezos (XTZ) might probably attain $5 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, Tezos might rally to hit $7 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 investors for the next 3 years, Tezos would rally to hit $9.
Tezos (XTZ) Price Prediction 2026
If Tezos (XTZ) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, Tezos would rally to hit $11.
Tezos (XTZ) Price Prediction 2027
If Tezos (XTZ) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, Tezos would rally to hit $13.
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, Tezos would hit $15 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. Tezos might hit $17 by 2029.
Tezos (XTZ) Price Prediction 2030
With greater advancements in the Tezosecosystem, the crypto community might continue to invest in Tezos for the next 8 years and drive significant price rallies for the token. Hence, Tezos (XTZ) might hit $19 by 2030.
With continuous improvements in the Tezos network, we can say that 2022 is a good year for Tezos. For this reason, the bullish price prediction of Tezos (XTZ) in 2022 is $2.905. On the other hand, the bearish price prediction of Tezos (XTZ) price prediction for 2022 is $1.284
Furthermore, with the advancements and upgrades to the Tezos ecosystem, the performance of Tezos would help to reach above its current all-time high (ATH) of $9.12 very soon. But, it might also reach $3 if the investors believe that Tezos is a good investment in 2022.
Tezos (XTZ) is the native crypto token of Tezos. Tezos is an open-source blockchain that facilitates the creation and development of smart contracts and dApps.
Tezos (XTZ) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, Huobi Global, Kraken and Bithumb
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 $3 soon.
Tezos (XTZ) price is expected to reach $5 by 2023.
Tezos (XTZ) price is expected to reach $7 by 2024.
Tezos (XTZ) price is expected to reach $9 by 2025.
Tezos (XTZ) price is expected to reach $11 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.
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