Tezos price analysis: XTZ/USD is bullish in the next 24 hours

TL;DR Breakdown Tezos price analysis is bearish for the next 24 hours.Tezos saw a bounce from $6 support today.Further upside currently gets rejected. Tezos price analysis: General price overvieww The daily Tezos price chart started with the sellers in charge. Bulls built a firm base at the low end of the day’s trading, $4.7, five minutes later. As a result, prices climbed and formed head and shoulder patterns to the intraday highs of $5.3, which sellers had established. The bearish trend in Tezos’ price analysis continues today, as the market has retraced from $6 and is now rejecting any further gains near $5.85. As a result, we anticipate XTZ/USD to make another attempt at testing the $6 support area. Tezos price analysis is trading bearishly on the daily chart with long red candlesticks that saw the coin retrace 1.42 percent lower from yesterday’s price. The XTZ/USD pair fell from the $4.2 support earlier on, and the bears have continued pulling the price downwards towards the $4.7 support. Source: Coin360 The top cryptocurrencies BTC and ETH, are trading negatively as the sellers dominate the whole crypto market, causing price dips. Bitcoin has dropped by -6.43 percent, while ETH is down by -6.21 percent in what appears to be a coordinated selloff. Other altcoins are also performing similarly, with significant price variation. The meme coin has tumbled more than -15 percent, whereas Solan has dropped by...