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Tezos {XTZ} looks to find support near $1.05; Founder of Cryptium Labs publishes article on Babylon2.0


Within a day, Tezos jumped up and overtook Ethereum Classic. It is now ranked at #18 below Dash in the market. The trading volume recorded stands at roughly $18.263 million, whereas the supply has 660,373,612 XTZ coins involved in circulation. As of this instant, the total market cap of Tezos is $705.226 million. Currently, XTZ is priced at $1.07 after a slight drop rate of 0.03% was felt in the course of the past 24-hours.

In this piece, Awa Sun Yin focuses on Multimaps, Trace Code RPC Call, and a couple more characteristics related to the on-chain governance process of Tezos. According to the candlestick chart associated with the XTZ/USDT pair on tradingview [based on data from HitBTC], the virtual currency is being backed by buyers for now.

The final Awesome Oscillator peak has ventured atop the zero line, and the green shade points to bullish pressure being the prevalent force. The Ichimoku Cloud has been green in the aftermath of 24th August, although the cloud seems crimson post-22nd September. The MACD line remains well above the signal line, although the space between the duo has decreased [marginally if I may add].

The daily RSI [for 14 periods] rests exactly at 50, which indicates that XTZ is well-immersed in the neutral zone. Resistance may be felt near $1.203, and support can be found close to the $0.955 mark.

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