Tezos (XTZ) Hits New All-Time High as it Climbs 23% in 24 Hours

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XTZ has seen bullish momentum since late September 2021, culminating in an all-time high of $8.81 on 3 October 2021.

Tezos (XTZ) continues to grow, as the entire market is experiencing double-digit losses. The year-on-year performance has seen it rise 243% from 27 September 2020 to 27 September 2021, hitting $6.8895 per token. Tezos is showing bullish signals, not showing signs of allowing down at the time of writing. It has shown an upward monthly trajectory, as it has increased 62.9% from $5.30 since 30 days ago.

On Wednesday, 29 September 2021, the Relative Strength Indicator of Tezos showed a substantial bearish divergence, even though the trend for Tezos remained largely bullish from a technical perspective. It started to trade within a tighter symmetrical triangle pattern the previous week. Early on Wednesday, XTZ was worth $5.51 after a few days of steady decline. It is now sitting at $8.62, according to CoinMarketCap. Tezos is currently trading at a 24-hour volume of $2307420323. The last time XTZ breached the $8 mark was in May 2021, but this couldn’t be sustained due to a crash in the market, leading to it dropping to $2.430 before closing at $3.606.

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