Tezos Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XTZ price analysis and prediction. But before we move on to technical analysis, let’s take a brief look at the project itself.
What Is Tezos (XTZ)?
Tezos is a cryptocurrency and blockchain ecosystem that allows people to create smart contracts and decentralized applications (DApps). It describes itself as a self-amending ledger that is backed by validators from all around the world.
XTZ was launched in October 2018. Tezos is currently headquartered in Luxembourg. The project raised a whopping $232 million worth of BTC and ETH through an ICO in June 2017. Tezos is the brainchild of Arthur and Kathleen Breitman, who started working on the project in 2014.
Tezos has an albeit colorful history, which has inadvertently prevented it from becoming one of the best cryptocurrencies to invest in 2023. But to be fair, Tezos has remained committed to its vision despite its initial issues. It remains one of the most competitive cryptocurrencies to invest in today, all taken into consideration.
Now that we are clear about XTZ what do you think will be Tezos future price in 2023? Join me and let us see the charts in this XTZ price analysis and Tezos price prediction for 2023.
Tezos Current Market Status
As of the time of writing this Tezos price analysis, XTZ trades at $1.44 with a 24-hour trading volume of $38,586,165. The price of XTZ has decreased by 1.94% in the last 24 hours.
|24 Hour Trading Vol||$38,586,165|
Currently, the top cryptocurrency exchanges for XTZ are Binance, FTX, OKEx, Bybit, Kucoin, Gate.io, Bithumb, and Tokocrypto. Now, let’s go to the next part of this XTZ technical analysis for 2023.
How high can Tezos go in 2023? Let’s find out in this Tezos price prediction 2023 article.
Tezos (XTZ) Price Analysis
Currently, XTZ holds 42nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the XTZ blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this XTZ price prediction article.
The Relative Strength Index (RSI) is 58.97, which means that Tezos (XTZ) is in showing a strong trend since it is between 50 and 70. The curve is pushing downwards which shows that the present bullish run of XTM could reverse soon, hence traders and investors must be on the guide.
From the 200 days and 30 days moving averages for Tezos (XTZ), it could be seen that XTZ would go bullish in the long-term since the 200-day moving average is above the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.
Tezos (XTZ) Price Prediction
The chart below shows that XTZ has performed great over the past few days. If this trend continues, BTT might run along with the bulls, thereby hitting the $1.3 resistance level, and reaching $1.899, the 2022 bullish signal.
Conversely, if the investors turn against the crypto, the bears might take over and push XTZ from its uptrend position. In simpler terms, the price of XTZ might decrease to almost $1.128, a bearish signal.
Meanwhile, our long-term XTZ price prediction for 2023 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.
(XTZ) Tezos Price Prediction 2023
If XTZ holds the resistance level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $4.064, making it not plummet but play consistently.
(XTZ) Tezos Price Prediction 2024
As per the latest upgrades, developments, XTZ price prediction, and new project forecasts of the platform, XTZ investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of XTZ in the crypto market, and it will be the best investment as the price can spike and reach around $6.
(XTZ) Tezos Price Prediction 2025
In the next three years, XTZ prices could race up to $10. However, reaching this level could not be so difficult for XTZ as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that XTZ has a high possibility of reaching a new ATH soon in the next three years as per the prediction.
Tezos has a bright future ahead of it in 2023. With the ongoing developments happening within the XTZ ecosystem, as well as in the overall crypto market, we may see XTZ reach new heights.
The bullish XTZ price prediction for 2023 is $1.899. As said above, it may even reach $2 if investors have decided that XTZ is a good investment in 2023, along with mainstream cryptocurrencies.