{"id":495433,"date":"2022-07-12T13:42:17","date_gmt":"2022-07-12T13:42:17","guid":{"rendered":"https:\/\/wncen.com\/?p=495433"},"modified":"2022-07-12T13:50:19","modified_gmt":"2022-07-12T13:50:19","slug":"tezos-xtz-nears-3-week-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tezos-xtz-nears-3-week-high\/","title":{"rendered":"Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80?"},"content":{"rendered":"

After a sharp decline in the second week of June, the price of Tezos (XTZ) rebounded from its $1.2 low. Tuesday, despite a highly volatile market, the altcoin price reached a new all-time high, rising slowly but steadily.<\/p>\n

XTZ was a prominent performer to usher in\u00a0the week, as prices surged to a three-week high. Following Monday’s session low of $1.50, XTZ climbed to an intraday high of $1.60 yesterday.<\/p>\n

As of the time of writing, XTZ<\/a> was trading at $1.54, an increase of 6.0 percent over the previous week. This increase in price caused the token to collide with a significant resistance level at $1.67, and gains have subsequently retreated.<\/p>\n

Suggested Reading | Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions<\/a><\/em><\/strong><\/p>\n

Tezos (XTZ) On Steady Upswing<\/h2>\n

Moreover, the continuing surge was maintained when the price of XTZ gained a steady footing at $1.32. The upswing pushed the altcoin\u00a027 percent higher as it breached the previous swing resistance at $1.65.<\/p>\n

A continuous decline over the past eight months pushed XTZ to a January-March 2020 support level of $1.2, representing a loss of 85 percent. However, on June 19, the altcoin soon rebounded.<\/p>\n

The positive turnaround pushed the XTZ price 33 percent higher to $1.62, where it encountered strong resistance. Nonetheless, over the previous four days, the price rejection at the indicated level has increased, indicating that sellers are defending this level.<\/p>\n

XTZ Outperforms The Major Cryptos<\/h2>\n

The cryptocurrency market continued to decline on Monday, following a weekend of losses.\u00a0 According to TradingView.com, the worldwide cryptocurrency market cap is $884 billion, a decline of 2.1% from the previous day.<\/p>\n

Bitcoin, the most valuable cryptocurrency by market capitalization, fell for a third\u00a0day, falling below $20,000 to $19,910 after registering its largest weekly increase since March. Ether, the second-largest cryptocurrency by market capitalization, is currently trading at $1,078 and is down nearly 2% for the day.<\/p>\n

<\/p>\n

XTZ total market cap at $1.39 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
Despite an 80 percent drop from its all-time high of $9.18 in October of last year, XTZ has been on an upward trend since last Friday.<\/p>\n
On Thursday, Tezos unveiled a developer portal to aid in the creation of decentralized applications on its blockchain.<\/p>\n
Suggested Reading |\u00a0Quant (QNT) Registers Gains In Past Days \u2013 A Short-Term Upswing In Place?<\/a><\/em><\/strong><\/p>\n
Generally, the XTZ price continues to exhibit indications of vitality, with bulls aiming to break out of the bottom and advance to $1.80. If successful, the break would result in the highest trading level for XTZ since last month.<\/p>\n
In the meantime, traders await the release of the U.S. Consumer Price Index on Wednesday, which in previous months has shown rising inflation. In May, the CPI climbed 8.6 percent, the biggest\u00a0yearly rate in four decades.<\/p>\n
Featured image from Klever News, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
After a sharp decline in the second week of June, the price of Tezos (XTZ) rebounded from its $1.2 low. Tuesday, despite a highly volatile market, the altcoin price reached a new all-time high, rising slowly but steadily. XTZ was a prominent performer to usher in\u00a0the week, as prices surged to a three-week high. Following Monday’s session low of $1.50, XTZ climbed to an intraday high of $1.60 yesterday. As of the time of writing, XTZ was trading at $1.54, an increase of 6.0 percent over the previous week. This increase in price caused the token to collide with a significant resistance level at $1.67, and gains have subsequently retreated. Suggested Reading | Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions Tezos (XTZ) On Steady Upswing Moreover, the continuing surge was maintained when the price of XTZ gained a steady footing at $1.32. The upswing pushed the altcoin\u00a027 percent higher as it breached the previous swing resistance at $1.65. A continuous decline over the past eight months pushed XTZ to a January-March 2020 support level of $1.2, representing a loss of 85 percent. However, on June 19, the altcoin soon rebounded. The positive turnaround pushed the XTZ price 33 percent higher to $1.62, where it encountered strong resistance. Nonetheless, over the previous four days, the price rejection at the indicated level has increased, indicating that sellers are defending this level. XTZ Outperforms The Major Cryptos The cryptocurrency market continued to decline on Monday, following a weekend of losses.\u00a0 According to TradingView.com, the worldwide cryptocurrency market cap is $884 billion, a decline of 2.1% from the previous day. Bitcoin, the most valuable cryptocurrency by market capitalization, fell for a third\u00a0day, falling below $20,000 to $19,910 after registering its largest weekly increase since March. Ether, the second-largest cryptocurrency by market capitalization, is currently trading at $1,078 and is down nearly 2% for the day. XTZ total market cap at $1.39 billion on the daily chart | Source: TradingView.com Despite an 80 percent drop from its all-time high of $9.18 in October of last year, XTZ has been on an upward trend since last Friday. On Thursday, Tezos unveiled a developer portal to aid in the creation of decentralized applications on its blockchain. Suggested Reading |\u00a0Quant (QNT) Registers Gains In Past Days \u2013 A Short-Term Upswing In Place? Generally, the XTZ price continues to exhibit indications of vitality, with bulls aiming to break out of the bottom and advance to $1.80. If successful, the break would result in the highest trading level for XTZ since last month. In the meantime, traders await the release of the U.S. Consumer Price Index on Wednesday, which in previous months has shown rising inflation. In May, the CPI climbed 8.6 percent, the biggest\u00a0yearly rate in four decades. Featured image from Klever News, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":495434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6664,86350],"class_list":["post-495433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-tezos-xtz"],"acf":[],"yoast_head":"\nTezos (XTZ) Nears 3-Week High - Can Bulls Barrel Towards $1.80?<\/title>\n<meta name=\"description\" content=\"After a sharp decline in the second week of June, the price of Tezos (XTZ) rebounded from its $1.2 low. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80?","url":"http:\/\/wncen.com\/news\/tezos-xtz-nears-3-week-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tezos-xtz-nears-3-week-high\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Tezos.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Tezos.png?fit=905%2C511"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","tezos. xtz"],"dateCreated":"2022-07-12T13:42:17Z","datePublished":"2022-07-12T13:42:17Z","dateModified":"2022-07-12T13:50:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tezos (XTZ) Nears 3-Week High – Can Bulls Barrel Towards $1.80?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tezos-xtz-nears-3-week-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tezos-xtz-nears-3-week-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Tezos.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Tezos.png?fit=905%2C511\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"tezos. xtz\"],\"dateCreated\":\"2022-07-12T13:42:17Z\",\"datePublished\":\"2022-07-12T13:42:17Z\",\"dateModified\":\"2022-07-12T13:50:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/Tezos.png?fit=905%2C511","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/495433"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=495433"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/495433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/495434"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=495433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=495433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=495433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}