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Cryptopolitan 2024-12-18 12:51:41

Tezos price prediction 2024-2030: How high can XTZ rise?

Key takeaways Tezos price prediction suggests a recovery to $1.80 by the end of 2024. XTZ could reach a maximum price of $6.01 by the end of 2027. By 2030, XTZ’s price may surge to $18.90. Tezos started out really strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles causing a loss in investor trust. Eventually, under the effects of the overall market, its price plummeted, and the coin has failed to recover up to the same mark since then. However, collaborations and innovations are growing on the Tezos network bringing it in close competition to other smart contract platforms like Ethereum and Solana. Following the November 5 U.S. elections and the emergence of ex-president Donald Trump, crypto markets have responded positively, with Bitcoin prices moving above the $100k mark. Tezos also responded in the same manner, hitting a high of $1.85. As the current market sentiments are largely bullish, many crypto enthusiasts are asking questions like, “Can Tezos token hit $100 in the long-term?” or at least, “Will Tezos recover to its all-time high soon?” Let’s get into Tezos price prediction and technical analysis. Overview Cryptocurrency Tezos Ticker XTZ Current price $1.45 Market cap $1,438,984,350.61 Trading volume $180,482,416.52 Circulating supply 1,019,238,752.5 XTZ All-time high $9.18 on October 04, 2021 All-time low $0.3146 on December 7, 2018 24-hour low $1.40 24-hour high $1.55 Tezos price prediction: Technical analysis Metric Value Price Prediction $1.624 (13.42%) Volatility (30-day Variation) 16.39% 50-day SMA $1.103 14-Day RSI 56.27 Sentiment Neutral Fear & Greed Index 81 (Extreme Greed) Green days 17/30 (57%) 200-day SMA $0.825 Tezos price analysis: XTZ faces a mild downtrend as the market remains uncertain TL; DR Breakdown XTZ has seen an 8.45% decline in the last 24 hours. XTZ support is present at $1.358, and resistance is at $1.557. Tezos shows bearish signs, with a potential downside if support levels fail. On December 18, Tezos (XTZ) is trading at $1.45, down 8.45% in the last 24 hours, with a low of $1.40 and a high of $1.55. Resistance stands at $1.557, while support is at $1.358. Failure to stay above the critical support level could lead to a break below the consolidation zone. Despite the short-term price decline, XTZ still shows more than 60% gains over the last 30 days, indicating the potential for a bullish reversal if buyers regain momentum. Tezos price analysis 1-day chart: XTZ is consolidating after a strong uptrend The 1-day Tezos (XTZ) chart shows a consolidation phase after a strong uptrend, with the price hovering around $1.46. XTZ’s immediate resistance is present at $1.56, followed by a stronger hurdle at $1.75. On the downside, support lies at $1.35, with further levels at $1.22 and $1.10. XTZ enters consolidation phase after a strong uptrend The MACD remains bearish, with the MACD line below the signal line, and the histogram printing slight negative momentum. However, the flattening histogram hints that selling pressure might be easing, suggesting a potential bounce or stabilization. The BBTrend at 53.25 shows lingering bullish momentum, though weaker than in previous weeks. If bulls push the price above $1.56, a rally toward $1.75 could unfold. On the flip side, a drop below $1.35 may accelerate selling pressure. Tezos price analysis 4-hour chart: XTZ’s momentum reflects a slight bearish bias The 4-hour Tezos (XTZ) chart also corroborates the current price consolidation observed in the longer timeframe, with the coin trading within a narrow range between $1.35 and $1.56. The current price at $1.447 reflects a slight bearish bias, as sellers maintain control near the lower end of the range. If the $1.35 support is breached, it could lead to a sharper decline, while a breakout above $1.56 would indicate bullish momentum. XTZ ‘s momentum reflects a slight bearish bias The Relative Strength Index (RSI) at 47.71 indicates neutral-to-slightly bearish momentum, hovering below the midpoint of 50. Similarly, the Balance of Power (BoP) indicator at -0.64 reflects sellers’ dominance in the short term, aligning with the chart’s downward drift toward support. Regardless, XTZ is still trading within a tight range, suggesting a breakout could occur in either direction. Tezos technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 $1.624 SELL SMA 5 $1.576 SELL SMA 10 $1.506 SELL SMA 21 $1.498 SELL SMA 50 $ 1.103 BUY SMA 100 $ 0.889 BUY SMA 200 $ 0.825 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 $1.517 SELL EMA 5 $1.564 SELL EMA 10 $ 1.567 SELL EMA 21 $ 1.431 BUY EMA 50 $ 1.155 BUY EMA 100 $ 0.973 BUY EMA 200 $ 0.896 BUY What to expect from XTZ price analysis next? XTZ is stuck in a tight range between $1.35 support and $1.56 resistance, with sellers slightly in control. If the price drops below $1.35, it could head toward $1.22, but a push above $1.56 might spark a rally to $1.75. The RSI at 47.71 shows weak momentum, so the market feels undecided for now. Traders should watch out for a clear move outside the current range for the next price direction. Is Tezos a good long term investment? Yes, Tezos could be a good investment as it is currently on a dip, and the prospects look good. Once the bull market returns in full swing, Tezos’ price will likely soar upwards. The platform itself is quite developed, supporting DeFi solutions, decentralized applications, and NFTs. However, as always, you should always do your own research because crypto can be extremely volatile. Why is Tezos down? Tezos (XTZ) is slightly down, trading around $1.45, as sellers maintain control. A lack of strong buying pressure is keeping the price of the coin subdued. Will Tezos recover? Yes, Tezos is likely to recover by the end of this year. Expert forecasts suggest that XTZ will hit $2 by then. Will Tezos reach $10? Yes, Tezos can reach $10. Its all-time high was $9.18; significant bullish momentum will be required to recapture this level. At that point, we will see old investors cutting their losses and new investors taking profits aggressively. Will Tezos reach $50? Based on expert analysis, Tezos may not reach $50 by 2030. To get to that point, it will require a huge market cap. It is certainly possible if mass adoption happens and Tezos gets integrated with new systems. Does Tezos have a good long-term future? Yes, Tezos seems to have a good long-term future due to the fact that the platform regularly brings updates and development is still ongoing. It also fits into the larger narrative of decentralized finance and decentralized applications. Recent news/updates on Tezos RedKitePad integrates with Tezos to provide support for gaming projects 👉 @RedKitePad , a premier launchpad for Web3 projects, is integrating #Tezos into their platform. This integration offers game developers access to Red Kite’s extensive marketing network and dedicated support for IDOs and project launches. Red Kite will now be providing support… https://t.co/cED7igDqyI — Tezos (@tezos) December 11, 2024 Tokenized Uranium goes live on the Tezos Blockchain URANIUM hits the blockchain community in tokenized form >>> ⚛️Tokenized Uranium Goes Live on the Tezos Blockchain with Archax, Cameco Involved (Coindesk) London-based Tezos ecosystem development firm Trilitech launched Uranium. io to offer tokens backed by physical uranium… — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) December 5, 2024 Tezos price prediction December 2024 If the bulls back XTZ, the token could break out reaching a peak of $2.23 while maintaining an average trading price of $1.75 in December 2024. Traders can expect a minimum price of $1.59. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) XTZ price prediction December 2024 1.59 1.75 2.23 Tezos price prediction 2024 Experts believe the overall outlook for Tezos (XTZ) is positive for the remainder of 2024. Investors can expect a minimum market price of $1.58, an average price of $1.75, and a maximum price of $1.80. Tezos price prediction Minimum price ($) Average price ($) Maximum price ($) Tezos price prediction 2024 1.58 1.75 1.80 Tezos price prediction 2025-2030 Year Minimum price ($) Average price ($) Maximum price ($) 2025 $2.44 $2.51 $2.99 2026 $3.44 $3.54 $4.21 2027 $4.97 $5.15 $6.01 2028 $7.37 $7.63 $8.70 2029 $10.92 $11.30 $12.65 2030 $16.13 $16.58 $18.90 XTZ Price Prediction for 2025 The XTZ price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $2.99. Based on expert analysis, investors can expect an average price of $2.51 and a minimum price of about $2.44. Tezos Price Forecast for 2026 According to the XTZ price forecast for 2026, Tezos is anticipated to trade at a minimum price of $3.44, a maximum price of $4.21, with an average price of $3.54. Tezos Price Prediction for 2027 The XTZ price prediction for 2027 indicates a continued rise with minimum and maximum prices of $4.97 and $6.01, respectively, as well as an average price of $5.15. Tezos Price Prediction for 2028 Tezos’s price is expected to reach a minimum of $7.37 in 2028. The maximum expected XTZ price is $8.70, with an average price of $7.63. Tezos Price Prediction for 2029 The XTZ price prediction for 2029 estimates a minimum price of $10.92, a maximum price of $12.65, and an average price of $11.30. Tezos Price Prediction for 2030 The Tezos price prediction for 2030 suggests a minimum price of $16.13 and an average price of $16.58. The maximum Tezos price is set at $18.90. Tezos price prediction 2024-2030 Tezos market price prediction: Analysts’ XTZ price forecast Firm 2024 2025 Changelly $1.72 $1.69 DigitalCoinPrice $3.58 $4.23 CoinCodex $1.704 $3.85 Cryptopolitan’s Tezos (XTZ) price prediction Tezos is expected to reach $1.8 by the end of 2024 and forecasts up to 2030 give a positive outlook about XTZ breaking above the $10 mark. For that to happen, future price movements must be bullish along with an increase in Tezos’ adoption. Tezos historic price sentiment Tezos price history ⏐ Source: Coinmarketcap Tezos mainnet went live in September 2018, and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. XTZ’s price peaked during the bullish cycle of 2021 when it reached above $9.0. After 4th April 2022, XTZ’s price plummeted below $4.0 and by the 9th of May, its price had sharply fallen below the $2 mark. At the start of December 2022, XTZ was valued at about $1, but it closed the year at $0.73. XTZ managed an average price of $0.8 in 2023. In 2024 thus far, Tezos (XTZ) has seen a largely bearish trend. It started around $1.4 in April, declined to $0.541 by August, and is trading between $0.6747 and $0.7015 in September. In October, Tezos hit a peak price of $0.7173, and in November, the coin hit a peak price of $1.856. In December, XTZ is trading within the $1.40 – $1.55 price range.

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