Tezos price prediction 2024-2030: How high can XTZ rise?

Key takeaways

• Tezos price prediction suggests a recovery to $0.77 by the end of 2024.
• XTZ could reach a maximum price of $2.71 by the end of 2027.
• By 2030, XTZ’s price may surge to $7.94.

Tezos started out really strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles causing a loss in investor trust.

Eventually, under the effects of the overall market, its price plummeted, and the coin has failed to recover up to the same mark since then. Unfortunately, Tezos is still lagging in adoption as compared to other smart contract platforms like Ethereum and Solana.

Following Bitcoin’s halving event that occurred earlier in April this year, many experts are expecting Bitcoin prices to reach $100k this season. Hence, we can see some price recovery in Tezos as well in the near time, provided that Bitcoin breaks through its ATH and continues to dominate the market.

As the market’s sentiments are somewhat bullish right now, many crypto enthusiasts are asking questions like, “Can Tezos token hit $100 in the long-term?” or at least, “Will Tezos recover to its all-time high?”

Let’s get into Tezos price prediction and technical analysis.

Overview

Tezos price prediction: Technical analysis

Tezos price analysis: XTZ/USD to retest resistance amid consolidation

TL; DR Breakdown

• XTZ/USD is bullish in the short term.
• XTZ could hit $0.7 if the bullish reversal is sustained.
• Immediate resistance for ZTZ/USD is present at $0.665.

XTZ price analysis for September 11 confirms that the market is consolidating with upside potential. On the larger time frames, XTZ is making attempts at reclaiming the $0.66 price mark, and in the short term, it is exhibiting a bullish reversal.

Tezos price analysis 1-day chart: XTZ/USD is testing resistance at $0.665

The 24-hour price chart for Tezos (XTZ) shows a bearish trend with some recent consolidation. Key support levels are visible around $0.577 and $0.600, which have held during recent downward movements. XTZ is testing resistance at $0.665; a break above this level could see the coin reach for higher lows.

Conversely, a break below $0.600 support could lead to further declines toward $0.577. The Relative Strength Index (RSI) is currently around 45.61, suggesting that the market is neither oversold nor overbought, implying a potential range-bound movement in the short term. Overall, XTZ appears to be in a consolidation phase with potential for both upward retracement or continued downward pressure depending on broader market sentiment.

Tezos price analysis 4-hour chart: XTZ sets sight on $0.7

The XTZ 4-hour price chart shows a falling wedge pattern, a bullish reversal indicator. After breaking out of the wedge, XTZ has started to move upwards, aiming for the target area around $0.70.

The Moving Average Convergence Divergence (MACD) indicator below the chart shows a bullish crossover, with the MACD line crossing above the signal line, further supporting the potential for an upward move.

Tezos technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from XTZ price analysis next?

Based on the 4-hour and 1-day analysis, XTZ shows potential for a short-term rebound toward $0.70, driven by a breakout from the falling wedge pattern and a bullish MACD crossover. However, strong resistance at $0.665 must be breached. A failure could lead to retesting support near $0.600.

Is Tezos a good investment?

Yes, Tezos could be a good investment as it is currently on a dip, and the prospects look good. Once the bull market returns in full swing, Tezos’s price will likely soar upwards. The platform itself is quite developed, supporting DeFi solutions, decentralized applications, and NFTs. However, as always, you should always do your own research because crypto can be extremely volatile.

Why is Tezos down?

Tezos is down because the market’s conditions are bearish. However, as the overall market sentiment turns bullish, XTZ will likely see significant improvement. That said, the main reason for its dip is the overall conditions of the market.

Will Tezos recover?

Yes, Tezos is likely to recover by the end of this year. Expert forecasts suggest that we can see XTZ hitting $0.7 by the end of this year.

Will Tezos reach $10?

Yes, Tezos can reach $10. Its all-time high was at $9.18, and significant bullish momentum will be required to break through this level. At that point, we will see old investors cutting their losses and new investors taking profits aggressively.

Will Tezos reach $50?

Based on our price forecast, Tezos may not reach $50 by 2030. To get to that point, it will require a huge market cap. It is certainly possible if mass adoption happens and Tezos gets integrated with new systems. To get there, Tezos will have to compete with the already established players in the space such as Ethereum and Solana that have similar offerings.

Does Tezos have a good long term future?

Yes, Tezos seems to have a good long-term future due to the fact that the platform regularly brings updates and development is still on-going. It also fits into the larger narrative of decentralized finance, and decentralized applications.

Recent news/opinion on Tezos

• Oobit teams up with Tezos foundation to boost crypto payments

Oobit has joined forces with the Tezos Foundation to launch a new iOS app, making crypto payments smoother and more accessible. The app allows users to easily handle their crypto transactions and manage their assets on the Tezos blockchain.

Tezos price prediction September 2024

If the bulls back XTZ, the token could break out reaching a peak of $0.652, while maintaining an average trading price of $0.635 in September 2024. A bearish outlook for the market could see Tezos drop to $0.619.

Tezos price prediction 2024

Experts believe the overall outlook for Tezos (XTZ) is positive for Q3 and Q4 of 2024. Investors can expect a minimum market price of $0.68, an average price of $0.71 and a maximum price of $0.77 by the end of the year.

Tezos price prediction 2025-2030

Tezos (XTZ) price prediction 2025

The XTZ price prediction for 2025 anticipates a surge in price, resulting in a maximum price of $1.19. Based on expert analysis, investors can expect an average price of $1.04, and a minimum price of about $1.01.

Tezos price forecast 2026

According to the XTZ price forecast for 2026, Tezos is anticipated to trade at a minimum price of $1.51, a maximum price of $1.78, with an average price of $1.56.

Tezos price prediction 2027

The XTZ price prediction for 2027 indicates a continued rise with minimum and maximum prices of $2.25 and $2.71, respectively, as well as an average price of $2.32.

Tezos price prediction 2028

Tezos’s price is expected to reach a minimum of $3.25 in 2028. The maximum expected XTZ price is $3.83, with an average price of $3.37.

Tezos price prediction 2029

The XTZ price prediction for 2029 estimates a minimum price of $4.58, a maximum price of $5.68, and an average price of $4.75.

Tezos price prediction 2030

The Tezos price prediction for 2030 suggests a minimum price of $6.78 and an average price of $6.97. The maximum forecasted Tezos price is set at $7.94.

Tezos market price prediction: Analysts’ XTZ price forecast

Cryptopolitan’s Tezos (XTZ) price prediction

Tezos is expected to reach $1 by the end of 2024 while forecasts up to 2030 give a positive outlook about its price breaking the $6 mark. However, the future price of Tezos is based on its potential to recover to its all-time high at $.189. For that to happen, market conditions must become bullish along with an increase in Tezos’ adoption.

Tezos historic price sentiment

• Tezos mainnet went live in September 2018, and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model.
• XTZ price peaked during the bullish cycle of 2021, when it reached above $9.0.
• After 4th April, 2022, XTZ price plummeted below $4.0 and by the 9th May, its price had sharply fallen below the $2 mark.
• At the start of December 2022, XTZ was valued at about $1, but it closed the year at $0.73. XTZ managed an average price of $0.8 in 2023..
• In 2024 thus far, Tezos (XTZ) has seen a largely bearish trend. It started around $1.4 in April, declined to $0.541 by August, and is trading between $0.6339 and $0.6498 in September.

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