THELOGICALINDIAN - Tezos has already afresh prevailed as the best assuming cryptocurrency throughout the advance of this latest marketwide uptrend with XTZ surging addition 8 today while Bitcoin and abounding of its added aeon all see choleric gains
This upwards movement came about as the aftereffect of the crypto retracing into what analysts call as a “golden pocket” that helped addition its momentum.
Tezos is now attempting to best a key attrition arena that may prove to be a make-or-break akin for the cryptocurrency, and area it goes from actuality could be the sole agency that determines whether or not it enters addition massive uptrend.
Tezos Outperforms Crypto Market Following Bullish Response to Golden Pocket Retrace
At the time of writing, Tezos is trading up aloof beneath 9% at its accepted amount of $2.29, which marks a notable ascend from circadian lows of $2.09 that were set yesterday.
Today’s advance marks a notable addendum of the bull-favoring trend that was incurred beforehand this anniversary back the crypto bounced from lows of $1.85, with its acknowledgment to the abutment absolute at this akin actuality bolstered by Bitcoin’s billow from $6,600.
It now appears that the crypto is well-positioned to see added upside in the near-term, as this latest movement came about as the aftereffect of a aureate abridged amend that could advice addition it further.
One crypto banker on Twitter acicular to this contempo occurrence, noting that Tezos looks “really acceptable from here” adjoin its Bitcoin trading pair.
Now May Be the Moment of Truth for XTZ
A added advance from actuality adjoin Tezos’ Bitcoin trading brace could prove to be awful bullish for the cryptocurrency, as it is in the action of breaking aloft the high abuttals of a abundant aerial attrition arena that was ahead arrest its growth.
Another banker on Twitter spoke about this arena while claiming that now is XTZ’s “moment of truth,” pointing to a blueprint assuming the attrition that exists amid 0.0003 BTC and aloof over 0.00031 BTC.
Currently, Tezos is trading at 0.0000317 BTC, which is aloof a beard aloft the high abuttals of this attrition region.
If it is able to extend the drive that was induced by its recent pullback into its aureate pocket, it could be assertive for some decidedly added upwards momentum.
