WILL EXPECTATIONS FOR TEZOS BE MET?

Although Tezos (XTZ) fell below the rising channel's support line on May 24, the Bears were unable to take advantage of the decline. This suggests a lack of vendors at lower levels.

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Although Tezos (XTZ) fell below the rising channel's support line on May 24, the Bears were unable to take advantage of the decline. This suggests a lack of vendors at lower levels.

The Bulls have defended the 20-day exponential moving average ($2.67) over the past few days and are now 10th in Coinmarketcap above the downward trend line. they'll try to launch the next cryptocurrency.

If successful, the upward trend is likely to continue with a target target of $ 3.07 followed by a target of $ 3.27. Therefore, short-term investors could try to push this move higher by using a stop-loss of just under $ 2.57.

If the xtz / USD pair moves down the downward trend line, it indicates that bears are active at higher levels. In such a case, a retest of $ 2.57 is possible. Price action on the bearish trend line determines whether the upward trend will continue or the fall to $ 2.24.



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