Analysis (XTZ) Saturday, February 27
Following a strong downtrend, the Tezos price was able to maintain its position above the $ 3.2 support level. A number of technical indicators indicate the possibility of a price increase of up to $ 4 in the short term.
Tezus Digital Currency has stabilized well above the $ 3.2 support level and is now ready to grow to $ 5. The first major resistance level is at $ 3.8, which if broken, will be an uptrend to the $ 5 target.
The next important resistance in the indicator range is the 50 moving average in the six-hour timeframe in the $ 4 range. The MACD indicator has been on the rise for the first time since early February. This increases the probability of the price reaching $ 5.
On the other hand, if the price fails to stabilize above the $ 3.8 level, the probability of falling to $ 3.2 has increased, which will fall to $ 3 support if this level breaks.