{"id":169865,"date":"2021-07-11T17:00:07","date_gmt":"2021-07-11T11:30:07","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=169865"},"modified":"2021-07-11T15:31:09","modified_gmt":"2021-07-11T10:01:09","slug":"tezos-this-metric-could-be-key-to-xtz-pushing-towards-3","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/","title":{"rendered":"Tezos: This metric could be key to XTZ pushing towards $3"},"content":{"rendered":"

Disclaimer:\u00a0The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice<\/em><\/p>\n

Since falling to a 5-month low of $2.1 on 22 June, Tezos’s market has struggled to reclaim levels seen just after the 19 May crypto sell-off. Its most recent hike to $3.1 was countered by selling pressure which pulled it down to a press time value of $2.75. With low volatility in the market, Tezos could see some sideways movement over the next few sessions with slight chances of a breakout as well.<\/p>\n

Tezos 4-hour chart<\/strong><\/p>\n

\"\"<\/a>
Source: XTZ\/USD<\/a>, TradingView<\/figcaption><\/figure>\n

There were not many positive takeaways from Tezos’s chart. Its steady rise from $2.1 to $3.1 was its last big rally, but the 200-SMA (green), which has run bearish for nearly two months now, denied further upside. Once selling pressure returned to the market, XTZ broke south from its up-channel and found support at the defensive line of $2.58.<\/p>\n

There were some attempts at another rally on 8 July, but the price failed to topple the 50-SMA (yellow) and $2.85 upper ceiling.<\/p>\n

Reasoning\u00a0<\/strong><\/p>\n

The Relative Strength Index bounced back from the oversold zone as Tezos’s bulls initiated a brief 6% hike back towards $2.85. However, the index had not yet risen above 50-55, which meant that bulls were yet to assume control. The On Balance Volume’s downward trajectory suggested that selling pressure was still a driving force in the market, although a rise above the upper trendline could denote some buying resurgence.<\/p>\n

Finally, the Awesome Oscillator suggested that bullish momentum was on the up over the past few sessions.<\/p>\n

Considering XTZ’s mixed bag of indicators, there were many uncertainties in the market. Since the 200-SMA, 50-SMA, and Visible Range’s POC of $2.9 all formed a strong resistance channel, a northbound push seemed unlikely. However, a close above the aforementioned levels would initiate a comeback towards $3.<\/p>\n

Conclusion\u00a0<\/strong><\/p>\n

Although some bullish momentum had seeped into the market, Tezos’s bulls faced an uphill task to rise above the strong resistance channel of $2.85-$2.92. Its near-term movement can be expected to be lateral, but a close eye should be kept on its 24-hour trading volumes. If the volumes continue to surge, there were chances of an upwards breakout- one that could push XTZ back towards the $3-figure.<\/p>\n","protected":false},"excerpt":{"rendered":"

Disclaimer:\u00a0The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Since falling to a 5-month low of $2.1 on 22 June, Tezos’s market has struggled to reclaim levels seen just after the 19 May crypto sell-off. Its most recent hike to $3.1 was counteredContinue reading “Tezos: This metric could be key to XTZ pushing towards $3”<\/span><\/a><\/p>\n","protected":false},"author":37,"featured_media":169894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,4,20],"tags":[],"class_list":["post-169865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nTezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Since falling to a 5-month low of $2.1 on 22 June, Tezos's market has struggled to reclaim levels seen just after the 19 May crypto...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Disclaimer:\u00a0The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Since falling to a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-11T11:30:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"823\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Saif Naqvi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/ssh_naqvi\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saif Naqvi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/\"},\"author\":{\"name\":\"Saif Naqvi\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/07c27aaab3e7426f1c526f07737ceaab\"},\"headline\":\"Tezos: This metric could be key to XTZ pushing towards $3\",\"datePublished\":\"2021-07-11T11:30:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/\"},\"wordCount\":396,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/road-220058_1280-e1625997590193.jpg\",\"articleSection\":[\"Altcoin\",\"Analysis\",\"HideCryptopanic\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/\",\"name\":\"Tezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/road-220058_1280-e1625997590193.jpg\",\"datePublished\":\"2021-07-11T11:30:07+00:00\",\"description\":\"Since falling to a 5-month low of $2.1 on 22 June, Tezos's market has struggled to reclaim levels seen just after the 19 May crypto...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/road-220058_1280-e1625997590193.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/road-220058_1280-e1625997590193.jpg\",\"width\":1200,\"height\":823,\"caption\":\"Tezos: This metric could be key to XTZ pushing towards $3\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/07c27aaab3e7426f1c526f07737ceaab\",\"name\":\"Saif Naqvi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Capture-150x150-1.png\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Capture-150x150-1.png\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/Capture-150x150-1.png\",\"caption\":\"Saif Naqvi\"},\"description\":\"A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/saif-naqvi-46193511b\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/ssh_naqvi\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/saif-naqvi\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto","description":"Since falling to a 5-month low of $2.1 on 22 June, Tezos's market has struggled to reclaim levels seen just after the 19 May crypto...","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/","og_locale":"en_US","og_type":"article","og_title":"Tezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto","og_description":"Disclaimer:\u00a0The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Since falling to a","og_url":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2021-07-11T11:30:07+00:00","og_image":[{"width":1200,"height":823,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg","type":"image\/jpeg"}],"author":"Saif Naqvi","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/ssh_naqvi","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Saif Naqvi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/"},"author":{"name":"Saif Naqvi","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/07c27aaab3e7426f1c526f07737ceaab"},"headline":"Tezos: This metric could be key to XTZ pushing towards $3","datePublished":"2021-07-11T11:30:07+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/"},"wordCount":396,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg","articleSection":["Altcoin","Analysis","HideCryptopanic","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/","url":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/","name":"Tezos: This metric could be key to XTZ pushing towards $3 - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg","datePublished":"2021-07-11T11:30:07+00:00","description":"Since falling to a 5-month low of $2.1 on 22 June, Tezos's market has struggled to reclaim levels seen just after the 19 May crypto...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/tezos-this-metric-could-be-key-to-xtz-pushing-towards-3\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/07\/road-220058_1280-e1625997590193.jpg","width":1200,"height":823,"caption":"Tezos: This metric could be key to XTZ pushing towards $3"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/07c27aaab3e7426f1c526f07737ceaab","name":"Saif Naqvi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/Capture-150x150-1.png","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/Capture-150x150-1.png","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2020\/12\/Capture-150x150-1.png","caption":"Saif Naqvi"},"description":"A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.","sameAs":["https:\/\/www.linkedin.com\/in\/saif-naqvi-46193511b\/","https:\/\/x.com\/https:\/\/twitter.com\/ssh_naqvi"],"url":"https:\/\/ambcrypto.com\/author\/saif-naqvi\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/169865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=169865"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/169865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/169894"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=169865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=169865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=169865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}