Tezos: All quiet - for now!
- On closer inspection: This is not a sideways movement, but a gentle increase
- Is Tezos heading towards $ 4 now?
If you look at the last seven days, you will notice that Tezos is mainly between $ 2,75 and $ 3. Before that, there was a gentle increase from 2,25 US dollars towards 2,75 US dollars.
The Tezos price has risen by 30 percent in the last seven days - it is a long way from a sideways movement, even if it looks like it at first glance. Tezos is heading towards $ 4?
Is the rise towards the all-time high slowly following?
Because looking at the last 14 days it becomes clear that the greatest resistance is in the area of 2,75 US dollars. After this limit was reached, a correction towards 2,25 US dollars or even towards 2 US dollars followed again and again. Now, however, the support lines in the area of US $ 2,50 and US $ 2,75 act as a motor.
That means, it may well be that Tezos will soon shoot over 4 US dollars. And then it would be very realistic for the cryptocurrency to head in the direction of the all-time high. That was set up in August and stands at $ 4,44.
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It remains exciting. How will Tezos develop now? Will a bull run towards all-time highs or will one or the other correction have to be experienced before the Tezos price passes the US $ 4,44 hurdle?