{"id":548,"date":"2020-12-28T14:42:52","date_gmt":"2020-12-28T19:42:52","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=548"},"modified":"2020-12-28T14:43:59","modified_gmt":"2020-12-28T19:43:59","slug":"tezos-price-gains-five-percent-will-xtz-spark-rally","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/tezos-price-gains-five-percent-will-xtz-spark-rally","title":{"rendered":"Tezos Price Gains 5%, Will XTZ Spark a Rally to $2.5?"},"content":{"rendered":"\n
\"Tezos
Tezos Price Rally Spark Gains<\/figcaption><\/figure>\n\n\n\n

The Tezos price is range-bound, moving inside a $0.7 range with caps at $1.7 to the downside and $2.3 to the upper side.<\/p>\n\n\n\n

At the time of writing (Dec 28), the XTZ price is up five percent on the last day of trading<\/a>, but down five percent in the last week of trading.<\/p>\n\n\n\n

Tezos (XTZ) Price Overview<\/h2>\n\n\n\n

Despite losses over the past week, odds of a recovery above $2.3 could be on the card considering the sharp reversal and soaking of bear pressure on Dec 24.<\/p>\n\n\n\n

Moreover, as long as prices are trending inside the November 2020 trade range, the XTZ price could tear higher with lighter trading volumes. It is especially so if buyers overcome immediate resistance levels.<\/p>\n\n\n\n

The first trigger for bulls is a rally past Dec 23 highs, breaking above the consolidation of the last few days ideally with above-average trade volumes. It might be the case now that volumes, despite the holidays, have been increasing. As such, the resulting impetus may be enough to pump prices above $2.1, sparking another wave of higher highs.<\/p>\n\n\n\n

Tezos (XTZ) Market Movers<\/h2>\n\n\n\n

Tezos is a self-amending smart contracting platform designed to avert hard forks through a better consensus design. As in Ethereum, hard forks can have a negative impact not only on development only but on price.<\/p>\n\n\n\n

Considering the stability in Tezos, it has, over time, picked up as a choice platform for some developments. Notably, in the second half of the year, the number of smart contract volumes rose.<\/p>\n\n\n\n

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The uptick in Smart Contract volume in #Tezos<\/a> is looking promising and exciting for 2021! Looking forward to a big year ahead. #XTZ<\/a> #cryptocurrency<\/a> #cryptocurrency<\/a> $$$ pic.twitter.com\/3lTLUKJ7H0<\/a><\/p>— PaggyAlmeyda.tez l Ottez #3797 (@paggyalmeyda) December 26, 2020<\/a><\/blockquote>