Tezos price $1.3 Key XTZ resistance levels $1.5, $1.7 Key XTZ support levels $1, $0.8

*Price at the time of writing

Tezos long-term price prediction: Bullish

Before the positive move, XTZ was trading below a strong resistance turned support level of $0.6 for about four months before witnessing a price increase. The XTZ market was, however, subdued with choppy price action.

Buy/Sell Tezos (XTZ)

Last month, Tezos successfully surpassed the resistance level to $0.85 before a slight retrace near the break area of $0.06, which is now a solid support level for this pair. The token proceeded to paint a higher high, higher low pattern move to reach the current price level of $1.3. Still rising, XTZ may pull back to the $1.1 support level after striking the buying target which is probably at $1.4, the price drop level from November 2018.

Considering the long-term MACD, the actual scenario is revealed from the 2018 heavy drop (reflected at the negative zone) to the year 2019 rise (which is currently significant at the positive zone).

The ascending trend line (drawn in yellow) acts as diagonal support for the price action. A notable breach on the yellow line might result in sellers assuming control of the market. As of the time of writing, the bidders are creating a strong momentum.

Tezos medium-term price prediction: Bullish

Following the diagonal yellow line, still, XTZ appears bullish on a medium-term outlook as the price is currently moving towards the $1.45 resistance level.

Reaching the above resistance level, a possible swing low may visit support at $1, bottoming on the yellow line before another swing higher. A drive low on the said support could launch the bears into a selling momentum. If a strong bearish surge eventually plays out, a swing is likely to visit the $0.8 and $0.6 support levels.

Inversely, a clear breach above $1.45 resistance level might lead to more green formations.

More importantly, the 4-hour MACD has remained in the positive area since XTZ crossed up the zero level. Oscillating to the negative area could significantly depreciate the value of the token. Nevertheless, the bulls are currently in play in the Tezos market.

Tezos short-term price prediction: Bullish

Rising from a $0.95 low on April 14, Tezos has printed another high today, maintaining a zigzag (higher high, higher low) pattern. On a slow move, XTZ looks for a retracement level at the previous support of $1.2. A bounce on this support level is likely to propel XTZ to the $1.45 resistance.

Throughout last week, however, the token traded below $1 with sideways movement before a bullish surge hit the market. As reflected on the hourly MACD, the positive move is quite significant above the zero level. Shortly, the low wave is more likely to reflect on the indicator.

In case the MACD convincingly trends below the zero level, it could be an indicator for XTZ to drop to the $1 support level. Currently, the XTZUSD market maintains a short-term bullish sentiment.