Cryptocurrency
This Crypto Could Rally 40% in Coming Days After a Highly Bullish Breakout
As read on NewsBTC, “The aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC. “This momentum seen by Tezos may be just be a hint of […]
As read on NewsBTC, “The aggregated crypto market saw a notable rally today that was led by Bitcoin’s surge past the heavy resistance it was facing at $7,000. This allowed altcoins like Tezos to gain some independent momentum, with XTZ significantly outperforming BTC.
“This momentum seen by Tezos may be just be a hint of what’s coming in the days and weeks ahead, as analysts are noting that it broke above a key horizontal resistance that may give it room to rally further.
“The altcoin was also able to break out of a bullish technical pattern that it had been establishing, leading analysts to claim that its next uptrend could be intense.
“At the time of writing, Tezos is trading up just under 11% at its current price of $1.86, which marks a massive climb from daily lows of $1.65 that were set yesterday while the crypto was caught within an extended bout of sideways trading.