📊 Tezos ($XTZ ) Between Correction and Opportunity 🔥
The price of $XTZ has decreased by about 9.7% over the last 48 hours and is trading near $0.558, but it has still maintained support at $0.5580 for two weeks. Flow indicators like CMF show liquidity exiting, which increases the risk of a drop. Breaking $0.5580 could push the price towards the $0.5170 area. Overall, $XTZ is doing a great job after nearly recovering from all the drop that happened yesterday.
On the other hand, the Tallinn upgrade this week may change the sentiment thanks to improvements in speed, efficiency, and security. If momentum returns, Tezos can defend the support and bounce back towards $0.6280, then enter a new consolidation range.
What is the goal of the currency, is it for the short term or investment?
Crypto_zer_o
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Bullish
📊 Tezos ($XTZ ) Between Correction and Opportunity 🔥
The price of $XTZ has decreased by about 9.7% over the last 48 hours and is trading near $0.558, but it has still maintained support at $0.5580 for two weeks. Flow indicators like CMF show liquidity exiting, which increases the risk of a drop. Breaking $0.5580 could push the price towards the $0.5170 area. Overall, $XTZ is doing a great job after nearly recovering from all the drop that happened yesterday.
On the other hand, the Tallinn upgrade this week may change the sentiment thanks to improvements in speed, efficiency, and security. If momentum returns, Tezos can defend the support and bounce back towards $0.6280, then enter a new consolidation range.
According to Odaily, market analysts suggest that if the U.S. December consumer price index comes in significantly below expectations tonight, it could lead to a rapid rise in gold prices due to expectations of interest rate cuts. If the index is slightly lower, gold prices are likely to maintain their upward trend and rise gradually. In the case of the index aligning with expectations, the market is expected to remain stable, with gold prices holding at elevated levels awaiting further signals.
Conversely, if inflation exceeds expectations, particularly with a rise in core inflation, a real interest rate hike could lead to a short-term decline in gold prices. However, if the scenario of "rising interest rates alongside persistent inflation" evolves into concerns about stagflation, gold may see increased demand as a safe-haven asset in the medium term.@
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