- Tezos price reaches new ATH
- XTZ has added 130% to its value this year
- Tezos has grown more popular in recent months
Tezos News Today – the price of Tezos has posted new ATHs after it stretched its parabolic gains over the $3 mark. The crypto managed to climb into the top ten having posted gains of 130% this year. Tezos is also gaining popularity in recent months. Josh Olszewic, a popular research, and chart analyst have pointed out the rise in Tezos on google trends. Let’s take a look at these reports about Tezos.
Tezos Price Has Risen by 130% in the Last Month
A look at the daily chart of Tezos shows that the digital assets price has gained 130% since the year began. The question is can the price of Tezos go higher again? The spike in price for the digital asset suggests a short squeeze over the last few hours. Tezos price posted gains beyond the $3 mark. The crypto climbed into the top ten digital currencies by market cap 130% gains. Tezos has also been gaining more popularity in recent weeks. Research and chart analyst, Josh Olszewic, has pointed towards a rise in google trends for the digital asset as evidence that Tezos is growing in terms of popularity.
For the time being the price of Tezos remains bullish. However, while the momentum for the coin remains bullish, the Tezos price could top in the short-term. XTZ’s current parabolic rise could go through a correction phase to where the 50-day MA (Moving Average) is. The Tezos pike in positive value regarding funding rate suggests that there is a short squeeze for the digital asset in the last few hours.
How Does XTZ/USD’s 1-Hour Funding Rate Look?
On the BitFinex exchange, short orders have started to push the coin to all-time highs for the new year as the XTZ price breaks the $3 mark. Olszewics also added that this action by Tezos could be a sign of a reversal. Since the last time, the market corrected the increase in short orders on the BitFinex exchange.
However, another exchange, Binance has reported an impressive $2.2 million USDT notional value that brings along the strong long interest. For the long/short ratio via Binance exchange, we have 64% vs 36%. Top traders are now more evenly matched at the 50% mark.
The FOMO buyers, on the other hand, are in for spot trading. They will also look to engage further buying pressure on the digital asset. Furthermore, the overall market bullish pattern can function as a strong catalyst to short squeeze prices at the moment. Volatility appears to be out for gains on the two sides.