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Tezos Price Prediction – Will XTZ Price hit $10 Soon?

Tezos-XTZ-Price-Prediction Prediction
  • Bullish XTZ price prediction ranges from $7.38 to $8.76.
  • The XTZ price might also reach $10 soon.
  • XTZ bearish market price prediction for 2022 is $2.12.

This Tezos (XTZ) 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.

Over the past few weeks, the crypto market seems to be making a fast recovery. After the dip in the past two months, the crypto market has either remained stable or was growing steadily. At the moment, it seems that the digital asset industry might finally be on the up and up again. Its investors had only received a 24.6% return on investment (ROI) in the past year.

Will XTZ experience the same price volatility? We’ll find out soon in this XTZ price analysis 2022 article. But first, let’s have a look at what XTZ is.

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.

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 from June 2017. It is also 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 2022. 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 do you think XTZ will be beneficial crypto in 2022? Join me and let us see the charts in this XTZ price analysis and Tezos (XTZ) price prediction.

Tezos (XTZ) Current Market Status

As of the time of writing this Tezos price analysis, XTZ trades at $4.11 with a 24-hour trading volume of $219,553,010. The price of XTZ has increased by 3.38% in the last 24 hours.

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 2022.

That said, is Tezos a good cryptocurrency to invest in 2022? Let’s find out in this Tezos price prediction 2022 article.

Tezos (XTZ) Price Analysis

Currently, XTZ holds 44th place on CoinGecko. 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.

XTZ/USDT 1Day Chart Showing Keltner Channel Pattern
XTZ/USDT 1Day Chart Showing Keltner Channel Pattern (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Tezos (XTZ), it could be seen that the present uptrend could continue since the last candlestick is not touching the bottom curve in the Keltner Channel chart above. This shows that the present increase in the price of XTZ might be sustained for some days before any reversal would be expected.

XTZ/USDT 1Day Chart Showing Relative Strength Index
XTZ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

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.

XTZ/USDT 1Day Chart Showing 200-MA and 30-MA
XTZ/USDT 1Day Chart Showing 200-MA and 30-MA (Source: Tradingview)

From the 90 days and 30 days moving averages for Tezos (XTZ), it could be seen that XTZ would go bullish in the long-term since the 90-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. Moreover, the XTZ price shows a bullish trend. If this trend continues, XTZ might run along with the bulls, overtaking its $5.219 resistance1 level and moving even higher to $8.759 at resistance4, a bullish signal.

XTZ/USDT 1Day Chart Showing the Resistance and Support Levels
XTZ/USDT 1Day Chart Showing the Resistance and Support Levels (Source: Tradingview)

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 $2.122 at support3, a bearish signal.

Meanwhile, our long-term XTZ price prediction 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Tezos (XTZ) Price Prediction 2022

If this bullish trend continues, Tezos will reach $8.759 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $7.381 at resistance3. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $10 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Tezos (XTZ) 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 $25, making it not plummet but play consistently.

Tezos (XTZ) 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 $50.

Tezos (XTZ) Price Prediction 2025

In the next four years, XTZ prices could race up to $70. 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 five years as per the prediction.

Tezos (XTZ) Price Prediction 2026

By 2026, the price of Tezos (XTZ) would reach $100 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Conclusion

Tezos has a bright future ahead of it in 2022. With the ongoing developments happening within the XTZ ecosystem, as well as in the overall crypto market, we may see XTZ reach new heights.

Bullish XTZ price prediction 2022 is $8.76. As said above, it may even reach its new ATH if investors have decided that XTZ is a good investment in 2022, along with mainstream cryptocurrencies.

FAQ

What is Tezos?

Tezos is a blockchain-based ecosystem that has a so-called self-amending ledger. It has a native cryptocurrency with the ticker XTZ. Moreover, Tezos aims to provide more advanced infrastructure.

What is the purpose of Tezos?

Tezos was originally designed to exceed Ethereum by addressing key shortcomings in the latter’s blockchain and system. Now, Tezos is a viable Ethereum competitor.

Is Tezos worth buying?

Tezos’ native asset XTZ is a good investment in 2022. However, traders and investors need to take extra care when dabbling in cryptocurrencies, as these are extremely volatile.

Will TEZOS price hit above $10 in 2022?

Yes, it’s very much possible that Tezos might reach $10 in the near future as per the current bullish trend.

What will be the Tezos (XTZ) price by 2022?

Tezos (XTZ) price is expected to reach $8.759 by 2022.

What will be the Tezos (XTZ) price by 2023?

Tezos (XTZ) price is possible to reach $25 by 2023.

What will be the Tezos (XTZ) price by 2024?

Tezos (XTZ) price is possible to reach $50 by 2024.

What will be the Tezos (XTZ) price by 2025?

Tezos (XTZ) price is expected to reach $70 by 2025.

What will be the Tezos (XTZ) price by 2026?

Tezos (XTZ) price is expected to reach $100 by 2026

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.