Tezos price analysis: XTZ bulls fight bearish influence at $6.9

TL;DR Breakdown The Tezos price analysis shows bullish trend is ruling the price charts.Price has increased up to $5.7 today.Support is eminently strong at $4.67. The Tezos price analysis is indicating an improvement in price as the bulls are trying to make a comeback once again. The past week proved extremely discouraging for the market as the price reached its lowest points. Yet, today the situation is on the opposite as the cryptocurrency is struggling to maintain its price above $5.6. But as the bullish momentum is growing, further improvement in price is highly possible in the approaching hours. XTZ/USD 1-day price chart: Bulls play strategically as price now hitting the $5.7 mark The one-day Tezos price analysis is going in the bullish direction again after a successive downtrend. The price has increased up to $5.71 today which can count as a huge accomplishment for the cryptocurrency. Further advancement is to be expected as the bullish momentum is strengthening with each passing day. Other important indicators include the moving average (MA) which is settled at the $6.01 position for the day. XTZ/USD 1-day price chart. Source: TradingView As the volatility has decreased in the last 24-hours, the Bollinger bands values have changed as well. Now, the upper value is placed at $7.63 while the lower value is found at $4.23. The Relative Strength Index (RSI) has gained advantage of the situation as well and has moved up tow...