Tezos (XTZ) Price Faces Pressure From The Bears But It Is Still One Of The Best Cryptocurrencies To Invest In 2019

Tezos news today – Altcoin season is on the way and traders are buying and accumulating the best cryptocurrencies to invest in 2019 other than the flagship cryptocurrency, Bitcoin. Tezos is one of the few altcoins that has risen to the spotlight over a short period. In April, the price of Tezos moved above the $1 mark and it has been able to maintain this level since then. The Tezos price prediction for the year is still bullish even if the price of the token is currently under bearish pressure. Some analysts have said that Tezos is among the best cryptocurrencies to invest in 2019 and the fall in price presents the perfect opportunity for investment.

Tezos (XTZ) Price Prediction – Tezos News Today – Tezos Price Analysis

Near-term, the bears have more control over the market. Tezos is trading below the 200 period MA with a strong bearish pattern still completely visible according to the Tezos price prediction on Crypto Briefing. The price of Tezos is moving close to the neckline of an invested head and shoulders pattern. This means that it is bearish near-term. On the other hand, there is still the chance of a strong rebound against the USD. There is a strong buy signal which indicates that the bulls will take control of the market mid-term.

It is important that the inverted head and shoulders pattern isn’t triggered to prevent lower lows below $1. The relative strength index is entering the bullish territory slowly but steadily. The MACD is also entering into the bullish zone. If you’re thinking of buying, this may be the best time to buy as the mid-term trend is bullish. Tezos will soon move above the 200-day moving average. This is going to pave a way for higher highs against the USD.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$7,503.66
2.00%

The bulls are finding their way back towards the neckline of the head and shoulders pattern. This started happening after the last attempt at a breakout. When the real breakout occurs, the price of Tezos will move above the $2.6 level. This would be the strongest confirmation of a bull trend. Until the price of Tezos breaks above $2.6, the presence of the bulls cannot be confirmed.

Tezos Price Prediction 2019 – Tezos News Today – Current Price Of Tezos

At the time of writing, the price of Tezos Trx was $1.27. This means that it is up by 6.44% against the USD and down by 5.23% against the BTC. The trading volume over a 24 hour period is $4,730,761 and the market capitalization is $834,605,490. Short-term, the trend is still uncertain. There is no way of telling if the bears will dominate the market or the bulls will take charge. The mid and long-term trends are bullish. Before the end of the month, there is a high chance that Tezos will breakout of the $2.6 level paving a way for higher highs against the USD.

What do you think about the Tezos price prediction on our Tezos news today? Will the price of Tezos surge against the USD or will it continue to fall? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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