Tezos Price Prediction – How Much Will XTZ Be Worth in 2022?
- Bullish XTZ price prediction is $5.32 to $9.28.
- Tezos prices might also reach $10 soon.
- XTZ bearish market price prediction for 2022 is $1.726.
In Tezos’s (XTZ) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about XTZ to analyze the future movement of the cryptocurrency.
Tezos Current Market Status
According to CoinGecko, the price of XTZ is $4.32 with a 24-hour trading volume of $94,746,397 at the time of writing. However, XTZ has increased nearly 0.8% in the last 24 hours.
Moreover, XTZ has a circulating supply of 873,445,345 XTZ. Currently, XTZ trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and FTX.
What is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
Tezos (XTZ) Price Prediction 2022
Tezos holds the 47th position on CoinGecko right now. XTZ price prediction 2022 is explained below with a weekly time frame.
The price action contained between two parallel upward sloping lines defined as an ascending channel. Higher highs and lower lows distinguish this price pattern. An ascending channel formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.
A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.
Currently, XTZ is in the range of $4.33. If the pattern continues, the price of XTZ might reach the resistance level of $9.289. If the trend reverses, then the price of XTZ may fall to $1.726.
Tezos (XTZ) Support and Resistance Level
The below chart shows the support and resistance level of XTZ.
From the above daily time frame, it is clear the following are the resistance and support levels of XTZ.
- Resistance Level 1 – $5.322
- Resistance Level 2 – $6.921
- Resistance Level 3 – $8.736
- Support Level 1 – $3.923
- Support Level 2 – $2.078
The charts show that XTZ has performed a bullish trend over the past month. If this trend continues, XTZ might run along with the bulls overtaking its resistance level at $8.736.
Accordingly, if the investors turn against the crypto, the price of the XTZ might plummet to almost $2.078, a bearish signal.
Tezos Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of XTZ is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of XTZ lies below the cutoff line, indicating weaker participants in the current trend.
More so, the XTZ’s Moving Average (MA) is shown in the chart above. Currently, XTZ is in a bearish state. Notably, the XTZ price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of XTZ at any time.
Meanwhile, the relative strength index (RSI) of the XTZ is at level 47.91. This means that XTZ is in a nearly oversold state. However, this means a major price reversal of XTZ may occur in the upcoming days. So, traders need to trade carefully.
Tezos Price Prediction 2022 — ADX, RVI
Let us now look at Tezos’s Average Directional Index (ADX). 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 Tezoss. Currently, XTZ lies in the range of 8.866, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of XTZ. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XTZ lies above the 50 levels, indicating that the direction of volatility is high. In fact, XTZ’s RSI is at 47.91 level thus confirming a potential sell signal.
Comparison of XTZ with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Tezos.
From the above chart, we can identify the trend of the ETH, BTC and XTZ is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and XTZ also increases or decreases respectively.
Conclusion
With continuous improvements in the Tezos network, we can say that 2022 is a good year for XTZ. For this reason, the bullish price prediction of Tezos in 2022 is $9.289. On the other hand, the bearish XTZ price prediction for 2022 is $1.726.
Furthermore, with the advancements and upgrades on the XTZ ecosystem, the performance of XTZ would help to reach above its current all-time high (ATH) $6.921 very soon. But, it might also reach $10 if the investors believe that XTZ is a good investment in 2022.
FAQ
Tezos is an open source platform that addresses key barriers to the blockchain adoption of assets and applications supported by the global community of appraisers, researchers and builders.
XTZ has listed on many crypto exchanges which include Binance, OKEx, Mandala Exchange, Huobi Global, and FTX.
With the ongoing developments and upgrades within the XTZ platform, it has a high possibility of reaching its ATH soon.
On Oct 04, 2021, 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 XTZ 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 $10 soon.
Tezos (XTZ) price is expected to reach $16 by 2023.
Tezos (XTZ) price is expected to reach $20 by 2024.
Tezos (XTZ) price is expected to reach $25 by 2025.
Tezos (XTZ) price is expected to reach $32 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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