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Tezos Price Prediction as XTZ Pumps 11.5%

Tezos (XTZ), the cryptocurrency that powers the Tezos layer-1 blockchain protocol, has pumped over 11% on Monday. XTZ was last trading around $0.72 per token, having rallied as high as $0.746 earlier in the session to test its 100-day Moving Average, after enjoying a strong bounce from support in the mid-$0.60s on Sunday. Tezos markets itself as a blockchain that is designed to address key barriers facing the adoption of blockchains for the trading of assets and use of decentralized applications. Before the bulls declare victory and that XTZ has found a near-term bottom, XTZ needs to also break above its 100DMA.

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