Tezos (XTZ) Price Prediction: XTZ Aims to Recover in the Next 24 to 48 Hours!

Key Takeaways:

• The XTZ price closed the last day’s trade at INR 283 with a market capitalization of INR 331 Cr and a circulating supply of 889,570,261.40 XTZ
• After dropping by more than 10%, the XTZ price has ignited a rebound, aiming at a 6% to 7% recovery from the losses at the earliest
• The daily close above INR 282 may invalidate the bearish trend but a notable leg above INR 300 may resume with the uptrend

Tezos Price Analysis: How High Will XTZ Crypto Price Go in April 2022?

Just before the end of the quarterly trade, XTZ made a huge move to reach beyond INR 300 which was followed by a gigantic drop close to INR 270. However, the asset is currently rebounding well and the current short-term pullback may end at the earliest. The price may take a day or two to reach INR 300. And sustaining above these levels could fuel an uptrend towards INR 400 slicing through INR 350 levels by the end of April 2022.

Tezos Price Prediction: Will XTZ Price Hit INR 1500 in 2022?

The quarterly close above INR 300 would have cleared the path towards the 4-digit milestone at the earliest. But the current pullback and also the expected pullbacks awaiting shortly may not necessarily weaken the rally. And hence the price projections until the end of 2022 remain significantly bullish as the price may test INR 500 before the Q2 close. Further maintaining the bullish momentum, INR 1000 may not be too far but may be a tedious job as well.

Additional Read: Tezos Technical Analysis

Tezos Price Analysis: BTC Price Table (Last 07 Days) 

Tezos Price Prediction: XTZ Price Trend Comparison with  (Last 30 Days)

Source: Tradingview

Tezos is yet another decentralized peer-to-peer network similar to Ethereum but working on PoW. Both the assets maintained a similar rally throughout the previous month’s trade, but XTZ price experienced an extreme drain compared to that of ETH in the past 24 hours. And hence the rally is yet to recover from the loss on a large scale as Ethereum has already ignited a flip. Currently, the XTZ price is 18.97% above the acreage levels whereas Ethereum is 25% up. 

Correlation of XTZ/INR and XTZ/BTC (Last 30 Days)

Source: Tradingview

The Tezos paired with USDT has displayed huge strength in the past few days while the BTC pair remained restricted below certain levels. However, the current price slash has impacted the USDT pair to a large extent while the BTC pair appears to have remained stable and also ignited a rebound. Yet a significant strength in the rally may be expected that could flip the USDT pair at the earliest. At present, the XTZ/USDT pair is 18.94% above the average levels while the BTC pair is 4.08%. 

Additional Read: Polygon vs Tezos: Comparative Analysis.

Where & How to Buy Tezos XTZ coin

Planning to buy Tezos(XTZ), then your search may end here! CoinDCX is the most preferred cryptocurrency exchange as it offers a long list of tokens to deal with multiple benefits at an affordable price. All you need to do is download the CoinDCX App on your smartphone and follow the steps. Once the verification process is done, fund your wallet and buy Tezos(XTZ). 

Investing in Tezos or any of your desired crypto has become simpler and safer with CoinDCX’s Crypto Investment Plan (CIP). Here you can plan your investment with easy weekly installments for a fixed tenure. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.
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