This post is archived. The content reflects information available at the time of publication and may no longer be relevant.
Disclaimer:
The information provided is for informational purposes only. All content, including news articles, analysis, opinions, and commentary, does not constitute financial, investment, legal, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Readers are strongly encouraged to conduct their own research. CryptoMoonPress is not responsible for any financial losses or damages resulting from reliance on the information.
Recently, we have heard the news about a new layer 2 privacy-preserving payment solution that may come to Tezos. This has been made by Bolt Labs. Bolt Labs is a crypto-based startup with some links with the founding scientists behind Zcash. The advanced features and new innovations are likely to give a significant push to Tezos in the long-term.
Yesterday, XTZ coin was trading under bearish hold as it spotted around $2.98, and from the beginning of the day, it adopted a gradual decline. By almost 13:00 UTC, Tezos faced a sharp decline & lost almost $0.15, and touched $2.83. The next few hours also continued the struggle. However, it managed to trade above $2.90, but again it fell and tested key support area at $2.74 by 19:00 UTC.
Later, XTZ/USD regained momentum and marked a slight improvement over the next few hours. Around 21:00 UTC, it retested a $2.84 mark. However, Tezos again faced a sharp decline, but today, it managed to exhibit a steady upside movement, and it currently trades around $2.90. The MACD shows a bullish crossover, and over the next few hours, the XTZ price may cross $3 price mark with strong support at $2.8.
Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience...Dipayan Mitra is a dedicated Editor and Journalist in the Web3 and cryptocurrency domain with over five years of experience in the media industry. A journalism graduate, Dipayan has developed a keen interest in staying up-to-date with the latest developments in the crypto space, allowing him to offer fresh insights and expert analysis on emerging trends. Specializing in technical analysis and market trends, Dipayan is known for his ability to break down complex cryptocurrency topics and deliver them in an accessible and engaging manner. Dipayan’s work has been featured on crypto platforms such as AMBCrypto and CoinGape, where he contributes regularly with high-quality, timely content.
