{"id":22589,"date":"2022-07-12T01:50:39","date_gmt":"2022-07-12T01:50:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=22589"},"modified":"2022-07-12T01:50:39","modified_gmt":"2022-07-12T01:50:39","slug":"high-momentum-breakout-from-1-65-targets-32-pump","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=22589","title":{"rendered":"High Momentum Breakout From $1.65 Targets 32% Pump"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-116976\">\n<div class=\"marketThumbs\">\n<img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tezos,\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/05\/28210947\/tezos1.jpg\" \/><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2021\/05\/28210947\/tezos1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tezos,\" \/><\/div>\n<p class=\"MarketsUp f-14 d-block\">Published 6 hours ago <\/p>\n<div class=\"Atcs\">\n<p><span data-preserver-spaces=\"true\">The <a target=\"_blank\" href=\"https:\/\/coingape.com\/tether-to-launch-usdt-on-tezos-network\/\" rel=\"noopener\">Tezos coin <\/a>is one of the few top cryptocurrencies that started the new week on a bullish note. While fighting the uncertain market sentiment, the coin price shows a gradual rise in XTZ price. Furthermore, the price has recently breached $1.65, indicating the buyers are ready for another leg up.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Key points:<\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">The 20-day offers constant support to XTZ price.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The daily candle closing below the $1.65 support may invalid bullish theory<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The intraday trading volume in the Tezos coin is $118.4 Million, indicating a 190% hike.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"XTZ\/USDT Chart\" width=\"1941\" height=\"1105\" src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/xmXbxUN7.png\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/xmXbxUN7.png\" alt=\"XTZ\/USDT Chart\" width=\"1941\" height=\"1105\" \/>Source- <\/span><span data-preserver-spaces=\"true\">Tradingview<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Following a drastic downfall in June\u2019s second week, the XTZ\/USDT pair bounced back from the $1.2 low. Amid a highly volatile market, altcoin showed a slow yet steady rally forming a new higher in the price chart.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, the ongoing rally initiated when the XTZ price found a stable footing at this flipped support of $1.326. The upswing drove the altcoin by 27.23% higher as it breached the last swing resistance of $1.65,<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Today, the XTZ price is up 4.5% and shows a decisive breakout from the $1.65 resistance. Moreover, a considerable rise in volume indicates the strong interest of traders in this bullish breakout.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">If XTZ price managed a candle closing above this $1.65 mark, the buyers would obtain a foothold to climb higher in the price chart. As a result, the potential rally could surge 32-42% high, hitting the $2.24 to $2.4 mark.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">On a contrary note, if XTZ buyers fail to sustain above the breached resistance, the altcoin may drop to the June low of $1.2.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Technical indicator<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><strong>EMAs:<\/strong> the technical chart shows the crucial EMAs(20, 50, 100, and 200) have acted as dynamic resistance for XTZ price since the downtrend indicated in November 2021. Furthermore, the buyers have recently breached the 20-day EMA, which has now flipped to viable support.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>MACD indicator<\/strong>: the fast and slow line rising with a suitable gap between them indicate sustained buying. Moreover, these lines are on the verge of slicing through the equilibrium, providing an additional confirmation for buyers.<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Resistance level- $1.88 and $2.2<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support levels- $1.65 and $1.32<\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA116976\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nFrom the past 5 years I working in Journalism. I follow the Blockchain &amp; Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com\n<\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" \/> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD116976\">\n<p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\" rel=\"noopener\">Close Story<\/a>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/markets\/xtz-price-analysis-high-momentum-breakout-from-1-65-targets-32-pump\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published 6 hours ago The Tezos coin is one of the few top cryptocurrencies that started the new week on a bullish note. While fighting the uncertain market sentiment, the coin price shows a gradual rise in XTZ price. Furthermore, the price has recently breached $1.65, indicating the buyers are ready for another leg up. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[528,261,1183,3488,1142],"class_list":["post-22589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-breakout","tag-high","tag-momentum","tag-pump","tag-targets"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/tezos1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22589"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22589\/revisions"}],"predecessor-version":[{"id":22591,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22589\/revisions\/22591"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/22590"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22589"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}