Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

SAFETY Launches “Safety Hub,” a Human-Centered Token Mining Platform, to Redefine Digital Participation

July 9, 2025

Dubai Signs Deal With Crypto.com – Pay for Flights and Shopping in Crypto

July 9, 2025

Is 0% Crypto Tax Coming? Everything About the U.S. House Hearing

July 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

XTZ Price Analysis: As Bulls Target $2.27, Is $18 a Realistic Target?

0
By on November 19, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post XTZ Price Analysis: As Bulls Target $2.27, Is $18 a Realistic Target? appeared first on Coinpedia Fintech News

In the weekly chart, the XTZ price action shows a bullish recovery at play. With three consecutive bullish weekly candles, the resurgence in buying pressure has overcome the long-coming downtrend. 

Is this bullish reversal ready for a new all-time high? Let’s find out. 

Tezos (XTZ) Price Analysis

Starting a bullish turnaround from $0.594, the recovery rally has lifted the XTZ prize by nearly 100%. It has reclaimed the $1 psychological mark and has surpassed the 23.60% Fibonacci level at $1.119. 

 Tradingview

Currently, the altcoin is trading at $1.1803 following the 47% surge last night. The bullish recovery has surpassed the long-coming resistance trend line and the 50-week EMA line. 

The higher price action in the weekly candle comes from the 200-week EMA near the 38.20% Fibonacci level priced at $1.65. As the bullish trend inches closer to its 52-week high at $1.59, the chances of a new all-time high have significantly increased. 

As the broader market recovers, the uptrend will likely challenge the 38.20% Fibonacci level at $1.65 for a new 52-week high. 

Technical Indicators:

EMA: Supporting the bullish trend, the uptrend in the 50-day EMA increases the chances of bullish crossovers.

MACD: The MACD and signal lines regain positive alignment and bullish gap with a surge of green histograms. 

Will XTZ Price Hit a New ATH?

If the altcoin sustains a closing price above the 23.60% Fibonacci level this week, the bull run will likely exceed the 200-week EMA. Based on the Fibonacci levels, the bullish trend continuation will likely reach the $2.27 mark before 2024. 

However, the Fibonacci levels also paint a price target of $18 if the altcoin surpasses its all-time high of $9.145. Nevertheless, the altcoin is currently trading at a discount of $87 from its all-time high. 

Conversely, a bullish failure could retest the $1 psychological mark or the 50-week EMA at $0.85 for a potential retest of the trendline breakout. 

With the long-coming conclusion of the bear trend, will a reversal rally improve the chances of reaching $100? Find out now in Coinpedia’s latest Tezos price prediction, as it signals a buying opportunity. 

FAQs

What is the current price action of Tezos (XTZ)?

Tezos is trading at $1.1803 after a 47% surge last night, marking nearly a 100% rally from its recent low of $0.594.

Can XTZ surpass its all-time high of $9.145?

Based on Fibonacci projections, Tezos could potentially reach $18 if it breaks past its previous all-time high of $9.145.

What are the key resistance levels for XTZ in the ongoing recovery?

The critical resistance levels include the 38.20% Fibonacci level at $1.65, followed by the 200-week EMA and a 52-week high at $1.59.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dubai Signs Deal With Crypto.com – Pay for Flights and Shopping in Crypto

July 9, 2025

Is 0% Crypto Tax Coming? Everything About the U.S. House Hearing

July 9, 2025

Japanese Firms Remixpoint Joins Bitcoin Treasury With $215M Buy Plan

July 9, 2025
Leave A Reply Cancel Reply

What's New Here!

SAFETY Launches “Safety Hub,” a Human-Centered Token Mining Platform, to Redefine Digital Participation

July 9, 2025

Dubai Signs Deal With Crypto.com – Pay for Flights and Shopping in Crypto

July 9, 2025

Is 0% Crypto Tax Coming? Everything About the U.S. House Hearing

July 9, 2025

Japanese Firms Remixpoint Joins Bitcoin Treasury With $215M Buy Plan

July 9, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.