The weekly technical chart of Tezos showcases bearish momentum. The daily chart of XTZ Price forecasts a bearish sentiment.Tezos price is trading below 50 and above 100 Moving average. The 50MA(RED) line is at $4.07, making it temporary resistance for the coin. Resistance for the coin on the upside is at $4.5 while coming on to the downside,the bounce-back can be seen from $3.5. A bearish engulfing pattern is formed on to the shorter time frame of 4 hr chart. If the price breaks 10% above the $4.3,then there is a good chance that the price will see momentum up to $5.XTZ/BTC pair can also see a loss of 10% in the upcoming months.
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