- Bullish Tezos price prediction 2022 is $8
- Skyrocketing price potential of Tezos XTZ is $30
Important: This Tezos (XTZ) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their Tezos price forecast outcome differently. Hence, we strongly suggest doing your own research before buying Tezos.
The crypto market continues to walk on a bearish path. This is due to the events that are happening right now around the world. The tension between Russia and Ukraine that cripples the economy of both countries can also be considered as one of the factors that impact the declining crypto market.
However, other crypto-assets keep their stand against the bearish market. Tezos is one of the digital currencies in the space that keeps its ground against the market bloodbath.
Do you think Tezos will be able to keep its ground against the bearish market and surge in the remaining days of the year? Do not worry; we got you covered with our Tezos price prediction 2022 to 2023.
Tezos (XTZ) Overview (At the time of writing)
What is Tezos (XTZ)
Tezos is a crypto asset that utilizes the power of blockchain. It is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications. The network is backed by global validators, researchers, and builders. Furthermore, the network embraces long-term upgradeability, open participation, collaboration, and smart contract safety.
Tezos (XTZ) Price Prediction 2022
Tezos is one of the top 10 cryptos in Coingecko. It has a huge market cap amounting to over $2.7 billion with a 24-hour trading volume of more than $82 million. Moreover, the crypto is available at exchanges such as Bitfinex and Coinbase exchange, to name a few.
As seen in the chart above, Tezos trades below the resistance level of $4. This market dip is due to the wild volatility that the crypto verse has been experiencing lately. Not just Tezos but also other cryptos in the space are waving red flags.
However, if we look closely at the chart, Tezos may not be in a bad position. Specifically, the current market status of Tezos is still above +300% from its low price in 2019.
Furthermore, Tezos has been seen to be trading within the Arnaud Legoux moving average (ALMA) indicator. Therefore, based on the rules of ALMA, if the crypto keeps residing within the indicator, traders and investors can still consider the crypto to be in a decent manner.
If this uptrend position keeps on, there is a big chance that the crypto may advance further and surge its position beyond its resistance level of $4. If it does, the pathway towards the high price of $6 to $8 can be seen in a clear picture. But of course, this price forecast of the crypto still depends on the network’s performance in the market.
Conversely, if the crypto price fails to maintain its uptrend position with the ALMA indicator, it will be a different story. In short, the price of the crypto may fall. It may break out to almost $2 or below, a price level not favored by the platform’s investors.
Meanwhile, the crypto’s moving average convergence divergence (MACD) still walks below the signal indicator. This performance has been recorded since Apr 5, 2022, the day when the crypto performed a bearish crossover. Hence, it is recommended to trade with caution to avoid losses that cannot be reversed.
On the other hand, Tezos recorded a huge growth rate of over +1000% in 2019. This price pump made Tezos reach the bullish price of over $9. If Tezos is able to do this drastic price pump once again, the price of the crypto may surge to over $30. Indeed, this price level could cause a craze across the Tezos community. However, this skyrocketing price will still depend on the bullish market and network’s activity in the space.
Other Market Prediction for Tezos (XTZ) in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for XTZ amounts to $4.45.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for XTZ amounts to $4.6.
Market Prediction for Tezos (XTZ) Price 2023, 2024, 2025, and 2026
Tezos (XTZ) price prediction 2023 is up to $5.12 (estimated)
Tezos (XTZ) price prediction 2024 is up to $5.49 (estimated)
Tezos (XTZ) price prediction 2025 is up to $6.81 (estimated)
Tezos (XTZ) price prediction 2026 is up to $6.44 (estimated)
Tezos (XTZ) continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the Tezos (XTZ) price prediction in 2022 amounts to $8. However, this forecast still depends on how the market will treat Tezos in the future.
Tezos is one of the leading networks in the space that prioritizes the safety of smart contracts. Through this, we can say that Tezos has the potential to be a good investment in the next months of the year.
The price status of Tezos depends on many different factors, one of which is the current market situation. If Tezos is able to invite more traders and stakers to the platform, there is a big chance that the price of Tezos will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the Tezos network, an event that is very uncontrollable.
The Tezos (XTZ) crypto is one of the most iconic projects in the space. The Bitfinex exchange is one of the famous crypto exchanges supporting Tezos crypto.
Yes, Tezos is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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