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Tezos price primed for 15% to 25% gain as Mumbai upgrade elevates its transaction processing time
Tezos price has traded on its Mumbai upgrade, which went live successfully on Wednesday.
XTZ took a small slide lower in the past few days.
With traders grasping what the update means for the future of XTZ, expect more inflow with bulls breaking out.
Tezos (XTZ) price is taunting the odds as it unleashed its thirteenth core protocol upgrade this week. The upgrade, dubbed Mumbai, should lift the processing speed to 1 million transactions per second. It should also make it more secure, flexible and developer-friendly, elements that traders will applaud by buying a stake in the altcoin that could spiral up to $1.40.
Tezos price can start cashing in on its protocol upgrade
Tezos price is still caught between two forces from both bullish and bearish sides with the green and red trend lines as barriers. That investors and traders were awaiting the release of the Mumbai upgrade is seen in the rally on Wednesday with a near 10% gain intraday. Unfortunately, too many technical hurdles were coming together on the top side for a substantial rally higher.
XTZ could still see traders welcoming this upgrade as the procession speed kicks it higher. Expect with the positive newsflow that bulls will have bought at $1.10 and push price action through the 55-day and the 200-day Simple Moving Average (SMA). A clean breakout trade can first see $1.20 and next $1.40 on the topside for a staggering 25% gain.
Should another rejection occur near $1.15, bulls might flee the scene, however, and look for an easier altcoin to trade. That would translate itself into XTZ allowing a green ascending trend line break. A full swing lower, breaking $1, could test $0.95 in search of support. Bulls would see a red 15% loss in their trading book if they did not cut their positions by then.Â
#tezos #xtz #koinmilyoner #BTC #Binance
XTZ took a small slide lower in the past few days.
With traders grasping what the update means for the future of XTZ, expect more inflow with bulls breaking out.
Tezos (XTZ) price is taunting the odds as it unleashed its thirteenth core protocol upgrade this week. The upgrade, dubbed Mumbai, should lift the processing speed to 1 million transactions per second. It should also make it more secure, flexible and developer-friendly, elements that traders will applaud by buying a stake in the altcoin that could spiral up to $1.40.
Tezos price can start cashing in on its protocol upgrade
Tezos price is still caught between two forces from both bullish and bearish sides with the green and red trend lines as barriers. That investors and traders were awaiting the release of the Mumbai upgrade is seen in the rally on Wednesday with a near 10% gain intraday. Unfortunately, too many technical hurdles were coming together on the top side for a substantial rally higher.
XTZ could still see traders welcoming this upgrade as the procession speed kicks it higher. Expect with the positive newsflow that bulls will have bought at $1.10 and push price action through the 55-day and the 200-day Simple Moving Average (SMA). A clean breakout trade can first see $1.20 and next $1.40 on the topside for a staggering 25% gain.
Should another rejection occur near $1.15, bulls might flee the scene, however, and look for an easier altcoin to trade. That would translate itself into XTZ allowing a green ascending trend line break. A full swing lower, breaking $1, could test $0.95 in search of support. Bulls would see a red 15% loss in their trading book if they did not cut their positions by then.Â
#tezos #xtz #koinmilyoner #BTC #Binance
!SHORT!
As per request of our community member, $XTZ has been analyzed.
$XTZ / $USDT ---> Bearish until 21:00 UTC
(This is not trading advice by any means.)
#write2earn #xtz #short
As per request of our community member, $XTZ has been analyzed.
$XTZ / $USDT ---> Bearish until 21:00 UTC
(This is not trading advice by any means.)
#write2earn #xtz #short
What is Tezos?
Tezos (XTZ) is a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It was developed by former Morgan Stanley analyst Arthur Breitman with the support of his wife, Kathleen Breitman.
#xtz #morganstanley #BTC #crypto2023
Tezos (XTZ) is a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It was developed by former Morgan Stanley analyst Arthur Breitman with the support of his wife, Kathleen Breitman.
#xtz #morganstanley #BTC #crypto2023
$XTZ
Tezos is breaking a descending channel pattern on the daily chart
An upside breakout from this channel could trigger a massive bullish rally
Price could reach previous highs if the retest with bounce is sustained
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #xtz
Tezos is breaking a descending channel pattern on the daily chart
An upside breakout from this channel could trigger a massive bullish rally
Price could reach previous highs if the retest with bounce is sustained
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #xtz
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$XTZ
What can you say about the couple #xtzusdt .
Five days of declines checked off - Xtz accidentally found itself in the support zone of $ 0.72 - 0.82 - a very fundamental support defining whether Xtz is in an upward trend or not. Tomorrow there is a FED meeting, a decision on US interest rates and a conference by FED Chairman Powell. This official will say a lot of interesting things, although nothing that would have a positive impact on crypto projects. Unless the market has already managed to price in the bullshit that Mr. Powell will say, because the market can predict this Central Bank talk perfectly - if it wants to predict, but the market sometimes likes to be "surprised".
So there is one scenario - the market will exhaust cryptocurrencies enough and tomorrow they will move to new ATH, including #XTZUSDTđ - first $ 1, then $ 1.6 and so on.
Or all these fundamental supports will go away, the cryptocurrency winter and stagnation will extend for the next 5 to 6 months and #xtz will fall to the level of 0.5 - 0.6 $USDC
What can you say about the couple #xtzusdt .
Five days of declines checked off - Xtz accidentally found itself in the support zone of $ 0.72 - 0.82 - a very fundamental support defining whether Xtz is in an upward trend or not. Tomorrow there is a FED meeting, a decision on US interest rates and a conference by FED Chairman Powell. This official will say a lot of interesting things, although nothing that would have a positive impact on crypto projects. Unless the market has already managed to price in the bullshit that Mr. Powell will say, because the market can predict this Central Bank talk perfectly - if it wants to predict, but the market sometimes likes to be "surprised".
So there is one scenario - the market will exhaust cryptocurrencies enough and tomorrow they will move to new ATH, including #XTZUSDTđ - first $ 1, then $ 1.6 and so on.
Or all these fundamental supports will go away, the cryptocurrency winter and stagnation will extend for the next 5 to 6 months and #xtz will fall to the level of 0.5 - 0.6 $USDC
$XTZ buy 0.710 â
Target 0.718.... 726.... 734..... 742...... 750...... 760..... 770..... 780..... 790..... 800..... 810..... 820.... 830.... 840..... 850.... 860..... 870.... 880....... 890..... 900...... 910..... 920.... 930..... 940.... 950.... 960.... 970..... 980........ 990...... 999
#CAArmy #xtz
Target 0.718.... 726.... 734..... 742...... 750...... 760..... 770..... 780..... 790..... 800..... 810..... 820.... 830.... 840..... 850.... 860..... 870.... 880....... 890..... 900...... 910..... 920.... 930..... 940.... 950.... 960.... 970..... 980........ 990...... 999
#CAArmy #xtz