Tezos

On October 8, Tezos rebounded above the $2.0 support as the price rallied to a $2.40 high. The upward move faced rejection as the coin slumped down again.

In the last bearish impulse of October 2, Tezos (XTZ) fell to $2.02 low. The price was corrected upward and retested the $2.15 high.

Tezos’s downtrend has reached an alarming rate as sellers threaten to push prices beyond the previous lows. Today, the coin has fallen to $2.34 as price action shows bearish signals of further decline.

Since August 13, Tezos (XTZ) has been on a downward move. Today, XTZ has fallen to $2.37 low at the time of writing.

Tezos has finally slumped to the low of $3.10 after buyers failed to break the $4.40 overhead resistance.

Tezos is trading in a sideways trend. Since August 1, buyers have not been able to break the resistance at $4.40. Two attempts have been made to break the resistance.

Today, Tezos is rising as it approaches the high of $3.20 resistance. The coin has been in a sideways move below the resistance since July 15.

Tezos is currently consolidating between $2.55 and $2.70 after a bearish impulse. The coin has been consolidating for the past ten days; neither bulls or bears have the upper hand.

For the past week, buyers have sustained prices above the current support. Besides, three unsuccessful attempts have been made to push price above the $2.70 resistance zone.