Tezos is a robust blockchain platform that boosts high smart contract security, open user-participation, and long-run upgradability. It is an open-source protocol that enables decentralized app development and facilitates the participation of miners, researchers, and developers across the globe. XTZ is their main governance token. In the previous XTZ technical analysis, the price breakout $4.22 mark to continue its rise. Past Performance On March 24, 2021, XTZ opened at $4.15. On March 29, 2021, XTZ closed at $4.59. Thus, in the past week, the XTZ price has risen by roughly 11%. In the last 24 hours, XTZ has traded between $4.32 – $4.80. https://ift.tt/2PjbK4n Day-Ahead and Tomorrow Currently, XTZ is trading at $4.73. The price is up from the opening price of $4.59. Thus, the market looks healthy. The A/D indicator is upward sloping. This implies that accumulation activity is more than distribution activity. Thus, high buying volumes will push the XTZ price further up. The MACD and signal lines are positive. A bullish crossover by the MACD line over the signal line has also occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to go up further. The RSI has faced rejection at 63% and has fallen to 58%. Thus, selling pressures are slowly building. Hence, we can expect some intermittent price pullbacks amidst an overall bullish trend. XTZ Technical Analysis Currently, the price is inching closer to the first Fibonacci pivot point of $4.75. By day close, if the bulls remain strong, we can expect the price to surpass the subsequent resistance levels of $4.87 and $5.05 respectively. You should monitor the 4-hour price window to understand the movement of the strength. The price has tested and broken out of the 38.2% and 23.6% FIB retracement levels of $4.62 and $4.69, respectively. Thus, the market is strongly bullish. Hence, we can expect this bull-run to continue today as well as tomorrow.
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