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Tezos Slips Down After a Positive Bullish Trend in the Past Day

Published 01/05/2023, 11:27 AM
Updated 01/05/2023, 11:30 AM
Tezos Slips Down After a Positive Bullish Trend in the Past Day
XTZ/USD
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  • Tezos price declined by 1.52% in the past 24 hours.

  • Bears have now fully taken charge of the XTZ market.

  • Indicators forecast the decline might continue.

Following a bullish trend yesterday, the Internet Tezos market is once again under the hands of bearish, with prices falling by 1.52% to $0.7607. Since this bear market has continuously dominated the market, the bullish attempt at a reversal was deemed invalid after running into strong resistance at 0.773.

As a result of the bear grip, the market capitalization of the Tezos market decreased by 1.35% to $701,552,527. Selling pressure is seen to increase as traders leave the market out of concern of more price decreases as the 24-hour trading volume also drops by 25.64% to $14,849,708.

The post Tezos Slips Down After a Positive Bullish Trend in the Past Day appeared first on Coin Edition.

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