Picture of the author

Crypto Express

07/21 03:29

Can XTZ sustain the uptrend?



According to AMBCrypto’s analysis, Tezos experienced a substantial upsurge amid increased whale accumulation.  

For that reason, the altcoin’s Relative Strength Index (RSI) surged from a low of 43 to 93 at press time, touching the overbought zone.

Likewise, Chaikin Money Flow (CMF) jumped from 0.08 to 0.27, confirming higher buying pressure. 

Simply put, XTZ experienced favorable conditions, inspired by whales, thus positioning the altcoin for more gains. 

That said, if whales maintain the current momentum, XTZ will likely continue its uptrend and target $1.50.

However, if profit taking witnessed recently overwhelms the market, Tezos could see a correction and drop to $0.93.
tezos-rsi-768x342.jpeg

#Check In Daily, Win Prizes Daily — Join the Fun!#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think MemeCore is promising?
87Share

सभी कमेंट0हालियालोकप्रिय

हालियालोकप्रिय
noContent

कोई रिकॉर्ड नहीं