Tezos Price Prediction – Will XTZ Price hit $10 in 2022?

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 lost 42% 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 $1.58 with a 24-hour trading volume of $52,356,815. The price of XTZ has increased by 5.91% 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 2022

Currently, XTZ holds 41st 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.

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 within the first half of curve from the top. This shows that the present increase in the price of XTZ might be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 57.79.  This shows that XTZ is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is below the 100-MA which means that short-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are below the recently formed candlesticks, the price of the coin might decrease soon.

Tezos (XTZ) Price Prediction 2022

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 $1.690 resistance1 level and moving even higher to $2.325 at resistance5, a bullish signal for 2022.

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 $1.199 at support4, 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.

If this bullish trend continues, Tezos will reach $2.325 by the end of 2022. Moreover, in July 2022, XTZ is going to show fast growth, up to $1.690 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 three 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 three 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.

Tezos (XTZ) Price Prediction 2027

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 2027. 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 $200.

Tezos (XTZ) Price Prediction 2028

In the next six years, XTZ prices could race up to $400. 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 six years as per the prediction.

Tezos (XTZ) Price Prediction 2029

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 2029. 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 $600.

Tezos (XTZ) Price Prediction 2030

In the next eight years, XTZ prices could race up to $800. 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 eight years as per the prediction.

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.

Meanwhile, our long-term XTZ price prediction for 2022 is bullish. In addition, it has a high possibility of surpassing over $2.325 and may reach above $10 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, it may even reach $10 if investors have decided that XTZ is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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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