Throughout the course of the crypto market\u2019s intense 2020 uptrend, Tezos has been one of the best performing cryptocurrencies, posting an insane rally that recently allowed it to set fresh year-to-date highs.<\/p>\n
This intense rally has been able to extend further over the past couple of days, despite some turbulence seen by Bitcoin and other major altcoins.<\/p>\n
This has led analysts to note that the crypto could be poised to see significantly further upside, with a potential break above a key level that it is hovering just below catalyzing significantly further upwards momentum.<\/p>\n
At the time of writing, Tezos<\/a> is trading down just under 1% at its current price<\/a> of $3.07, which marks a slight decline from daily highs of $3.28.<\/p>\n Although the crypto has seen some downside<\/a> over the past 24-hours, it is important to keep in mind that it is still trading up significantly from weekly lows of $2.55, with its price action seen throughout the past couple of days marking a consolidation phase.<\/p>\n Analysts are now widely noting that Tezos\u2019 ongoing bout of consolidation can be categorized as bullish, which is leading some analysts to note that it could be well positioned to \u201crun heavily\u201d in the coming days and weeks.<\/p>\n Cold Blooded Shiller \u2013 a prominent cryptocurrency trader with a track record of accuracy \u2013 spoke about the crypto<\/a> in a recent tweet, telling his followers that a break above a descending resistance level that it is currently caught below could catalyze significant momentum.<\/p>\n \u201cXTZ consolidating nicely after the range break from below. Break through and I think we’ll run heavily again,\u201d he explained.<\/p><\/blockquote>\n $XTZ<\/a> consolidating nicely after the range break from below. Break through and I think we'll run heavily again.<\/p>\n We'll see if we get any correlation with $LINK<\/a>… pic.twitter.com\/SAx9u0AvPM<\/a><\/p>\n — Cold Blooded Shiller (@ColdBloodShill) March 7, 2020<\/a><\/p><\/blockquote>\n\n