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Cryptopolitan 2024-12-13 13:29:36

Tezos price prediction 2024-2030: How high can XTZ rise?

Key takeaways Tezos price prediction suggests a recovery to $1.80 by the end of 2024. XTZ could reach a maximum price of $6.01 by the end of 2027. By 2030, XTZ’s price may surge to $18.90. Tezos started out really strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles causing a loss in investor trust. Eventually, under the effects of the overall market, its price plummeted, and the coin has failed to recover up to the same mark since then. However, collaborations and innovations are growing on the Tezos network bringing it in close competition to other smart contract platforms like Ethereum and Solana. Following the November 5 U.S. elections and the emergence of ex-president Donald Trump, crypto markets have responded positively, with Bitcoin prices moving above the $100k mark. Tezos also responded in the same manner, hitting a high of $1.85. As the current market sentiments are largely bullish, many crypto enthusiasts are asking questions like, “Can Tezos token hit $100 in the long-term?” or at least, “Will Tezos recover to its all-time high soon?” Let’s get into Tezos price prediction and technical analysis. Overview Cryptocurrency Tezos Ticker XTZ Current price $1.46 Market cap $1,486,230,053 Trading volume $$99,100,876 Circulating supply 1,018,183,907 XTZ All-time high $9.18 on October 04, 2021 All-time low $0.3146 on December 7, 2018 24-hour low $1.40 24-hour high $1.52 Tezos price prediction: Technical analysis Metric Value Price Prediction $1.649 (-2.20%) Volatility (30-day Variation) 32.78% 50-day SMA $0.9095 14-Day RSI 74.48 Sentiment Bearish Fear & Greed Index 72 (Greed) Green days 20/30 (67%) 200-day SMA $0.839 Tezos price analysis: XTZ faces a mild downtrend as the market remains uncertain TL; DR Breakdown XTZ has seen a 1.63% decline in the last 24 hours. XTZ support is present at $1.40, and resistance is at $1.52. Tezos shows bearish signs, with a potential downside if support levels fail. On December 13, Tezos (XTZ) is trading at $1.43, down 1.63% in the last 24 hours, with a low of $1.40 and a high of $1.52. Resistance stands at $1.52, while support is at $1.43. The failure to break above $1.52 highlights bearish sentiment, with short-term traders dominating. Tezos price analysis 1-day chart: XTZ struggles for momentum amid consolidation Tezos (XTZ) continues to hover around $1.43, showing signs of consolidation after a recent bullish rally to over $1.40 earlier in December. The token has shed momentum, declining by 1.63% over the past 24 hours. XTZ is trapped between a resistance level of $1.52 and critical support of $1.40, indicating a potential tug-of-war between buyers and sellers. While the recent decline is modest, the narrowing price range suggests that the market is awaiting a catalyst to determine its next significant move. XTZ struggles for momentum amid consolidation A breakout above $1.60 could restore bullish momentum, while a dip below $1.40 may trigger a deeper pullback. The MACD is bearish, with the MACD line crossing below the signal line and a histogram showing red bars. The RSI stands at 53.90, suggesting a neutral position but trending downward, reflecting reduced buying strength. Additionally, the price is hovering near its 50-day moving average, which could act as a dynamic support level. If the selling pressure persists, XTZ risks testing the lower end of the range, making the $1.40 support crucial in the coming sessions. Tezos price analysis 4-hour chart: XTZ faces short-term pressure amid range-bound trading On the 4-hour chart, Tezos (XTZ) is exhibiting range-bound trading with mild bearish tendencies, currently priced at $1.43. The price has struggled to maintain upward momentum, with resistance established at $1.52 and immediate support near $1.40. The repeated failure to break above $1.52 suggests weakening bullish interest, while the lower highs on the chart indicate growing selling pressure. If buyers fail to defend the $1.40 support, XTZ could see an accelerated decline toward the next support zone at $1.40. Conversely, a breakout above $1.52 could spark renewed optimism. XTZ faces short-term pressure amid range-bound trading The Moving Average Convergence Divergence (MACD) shows the MACD line below the signal line, with the histogram in negative territory, confirming downward momentum. The Relative Strength Index (RSI) reads at 44.24, slightly below the neutral zone of 50, indicating mild selling pressure but no oversold conditions yet. Additionally, XTZ is trading below its 50-period Exponential Moving Average (EMA), which reinforces the bearish sentiment. For XTZ to regain strength, it must close above $1.52 with increased buying volume. Until then, sellers maintain control of the short-term trend. Tezos technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 $1.368 BUY SMA 5 $1.477 BUY SMA 10 $1.418 BUY SMA 21 $1.248 BUY SMA 50 $ 0.909 BUY SMA 100 $ 0.790 BUY SMA 200 $ 0.839 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 $1.189 BUY EMA 5 $1.038 BUY EMA 10 $ 0.884 BUY EMA 21 $ 0.784 BUY EMA 50 $ 0.727 BUY EMA 100 $ 0.733 BUY EMA 200 $ 0.793 BUY What to expect from XTZ price analysis next? Tezos (XTZ) is currently priced at $1.43, reflecting a 1.63% decline over the past 24 hours, with a 24-hour low of $1.40 and a high of $1.52. The market shows indecision, with resistance at $1.52 and immediate support at $1.40, as short-term traders dominate activity. Despite its historically strong performance, the recent downward trend reflects bearish sentiment as the token struggles to regain upward momentum. A breach below $1.40 could trigger further downside, while a breakout above $1.52 is essential for a bullish recovery. Is Tezos a good long term investment? Yes, Tezos could be a good investment as it is currently on a dip, and the prospects look good. Once the bull market returns in full swing, Tezos’ price will likely soar upwards. The platform itself is quite developed, supporting DeFi solutions, decentralized applications, and NFTs. However, as always, you should always do your own research because crypto can be extremely volatile. Why is Tezos down? Tezos (XTZ) is down 1.63% today, trading at $1.43, due to bearish sentiment and market indecision. Contributing factors include weak technical indicators, exchange inflows increasing selling pressure, and broader crypto market trends. Will Tezos recover? Yes, Tezos is likely to recover by the end of this year. Expert forecasts suggest that we can see XTZ hitting $2 by the end of this year. Will Tezos reach $10? Yes, Tezos can reach $10. Its all-time high was at $9.18, and significant bullish momentum will be required to break through this level. At that point, we will see old investors cutting their losses and new investors taking profits aggressively. Will Tezos reach $50? Based on expert analysis, Tezos may not reach $50 by 2030. To get to that point, it will require a huge market cap. It is certainly possible if mass adoption happens and Tezos gets integrated with new systems. Does Tezos have a good long-term future? Yes, Tezos seems to have a good long-term future due to the fact that the platform regularly brings updates and development is still ongoing. It also fits into the larger narrative of decentralized finance, and decentralized applications. Recent news/updates on Tezos Tokenized Uranium goes live on the Tezos Blockchain URANIUM hits the blockchain community in tokenized form >>> ⚛️Tokenized Uranium Goes Live on the Tezos Blockchain with Archax, Cameco Involved (Coindesk) London-based Tezos ecosystem development firm Trilitech launched Uranium. io to offer tokens backed by physical uranium… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) December 5, 2024 Tezos price prediction December 2024 If the bulls back XTZ, the token could break out reaching a peak of $2.23 while maintaining an average trading price of $1.75 in December 2024. Traders can expect a minimum price of $1.59. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) XTZ price prediction December 2024 1.59 1.75 2.23 Tezos price prediction 2024 Experts believe the overall outlook for Tezos (XTZ) is positive for the remainder of 2024. Investors can expect a minimum market price of $1.58, an average price of $1.75, and a maximum price of $1.80. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) Tezos price prediction 2024 1.58 1.75 1.80 Tezos price prediction 2025-2030 Year Minimum price ($) Average price ($) Maximum price ($) 2025 $2.44 $2.51 $2.99 2026 $3.44 $3.54 $4.21 2027 $4.97 $5.15 $6.01 2028 $7.37 $7.63 $8.70 2029 $10.92 $11.30 $12.65 2030 $16.13 $16.58 $18.90 XTZ Price Prediction for 2025 The XTZ price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $2.99. Based on expert analysis, investors can expect an average price of $2.51 and a minimum price of about $2.44. Tezos Price Forecast for 2026 According to the XTZ price forecast for 2026, Tezos is anticipated to trade at a minimum price of $3.44, a maximum price of $4.21, with an average price of $3.54. Tezos Price Prediction for 2027 The XTZ price prediction for 2027 indicates a continued rise with minimum and maximum prices of $4.97 and $6.01, respectively, as well as an average price of $5.15. Tezos Price Prediction for 2028 Tezos’s price is expected to reach a minimum of $7.37 in 2028. The maximum expected XTZ price is $8.70, with an average price of $7.63. Tezos Price Prediction for 2029 The XTZ price prediction for 2029 estimates a minimum price of $10.92, a maximum price of $12.65, and an average price of $11.30. Tezos Price Prediction for 2030 The Tezos price prediction for 2030 suggests a minimum price of $16.13 and an average price of $16.58. The maximum Tezos price is set at $18.90. Tezos price prediction 2024-2030 Tezos market price prediction: Analysts’ XTZ price forecast Firm 2024 2025 Changelly $1.72 $1.69 DigitalCoinPrice $3.58 $4.23 CoinCodex $1.704 $3.85 Cryptopolitan’s Tezos (XTZ) price prediction Tezos is expected to reach $1.8 by the end of 2024 and forecasts up to 2030 give a positive outlook about XTZ breaking above the $10 mark. For that to happen, future price movements must be bullish along with an increase in Tezos’ adoption. Tezos historic price sentiment Tezos price history ⏐ Source: Coinmarketcap Tezos mainnet went live in September 2018, and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. XTZ’s price peaked during the bullish cycle of 2021 when it reached above $9.0. After 4th April 2022, XTZ’s price plummeted below $4.0 and by the 9th of May, its price had sharply fallen below the $2 mark. At the start of December 2022, XTZ was valued at about $1, but it closed the year at $0.73. XTZ managed an average price of $0.8 in 2023. In 2024 thus far, Tezos (XTZ) has seen a largely bearish trend. It started around $1.4 in April, declined to $0.541 by August, and is trading between $0.6747 and $0.7015 in September. In October, Tezos hit a peak price of $0.7173, and in November, the coin hit a peak price of $1.856. In December, XTZ is trading within the $1.43 – $1.52 price range.

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