Will Tezos Price be Able to Sustain Current Bullish Momentum?

Tezos (XTZ) price trades with bullish influence since the start of 2020. From the last few days, investors and traders are managed to gain considerable profits as the price has managed to move in the upward direction. Whether this trend would continue has to be observed in the upcoming days. The price of XTZ has been fluctuating between $1.28 – $2.66 over the past 30 days’ time period.

Tezos Price Analysis

XTZ price had a sluggish start to the month, with the price being below the baseline but has been able to swiftly move up the price ladder over the last few days. The price was at a low of $1.2830 on January 16. The coin managed to have a slow recovery to the extent of 25.91% at $1.6117 on January 22. The bear pressure got too hard to handle and the price once again went down to $1.4725 on January 26, the slowdown being at 8.40% fall.

From then on, Tezos coin marked strong upward momentum and succeeded in pushing its price in the higher range to $2.6594 on February 10, showing an upward price swing at a whopping 80.61%. The current day’s price of XTZ coin has fallen slightly to $2.5636.

Tezos had a slow start to the year, but the price overturn of the past few days has raised the hope of the community. Analysts feel that the currency will finally shrug off the bearish pressure and the price would start a stable upward momentum during the year.