NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Tezos (XTZ) May Plunge Towards $3.00 as Selling Pressure Ramps Up

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Tezos’ price action over the past week has primarily favored sellers, with buyers being unable to catalyze any strong uptrend while also being unable to guard against today’s market-wide selloff.

The decline seen by the cryptocurrency earlier today led it to plunge to lows of $3.60. This marks a serious decline from its multi-day highs of $4.40.

This sharp decline has marked a bearish resolution to a consolidation phase that the crypto was previously caught within.

Where it trends next will likely be determined by whether or not Bitcoin can stabilize within the upper-$11,000 region, or if it will face further selling pressure that guides it lower.

A further decline in BTC’s price will likely create a headwind for the entire crypto market, which may force Tezos and other altcoins significantly lower.

One analyst is now watching for a move down towards $3.00 for XTZ, with this being a key USD support level that may stop it from seeing any further downside.

Tezos Sits Above Multiple Key Levels Against BTC

At the time of writing, Tezos is trading down marginally at its current price of $3.85. This is around where it has been trading after it rebounded from daily lows of $3.60 that were set at the bottom of the overnight selloff.

This recent downtrend came about after the cryptocurrency was rejected at highs of $4.40 just a couple of days ago. Before hitting these highs, it had been caught within a prolonged bout of sideways trading between $3.90 and $4.20.

Unless Bitcoin rallies higher and creates a tailwind that lifts altcoins higher as well, the crypto may soon plunge lower.

One analyst did note in a recent tweet that Tezos is now sitting on some interesting levels while looking towards its Bitcoin trading pair.

It may find enough support against BTC to slow its USD trading pair’s descent.

“Interesting, interesting. On some interesting levels here. USD value might come a bit lower, but my eyes are focused.”

Tezos

Image Courtesy of Crypto Michael. Chart via TradingView.

XTZ May Slide as Low as $3.00 Against Its USD Trading Pair

While looking towards its USD trading pair, the same analyst offered a slightly different outlook, explaining that he believes it may soon drift as low as $3.00 before it can find any notable support.

That being said, before hitting this level it may first rally up towards the region between $4.20 and $4.30.

“That’s why you wait to buy the dips. Didn’t get fully loaded on this one, but it’s bouncing nicely. Given that I assume BTC will range for a bit, I think $4.20-4.30 isn’t odd to expect.”

Image Courtesy of Crypto Michael. Chart via TradingView.

Bitcoin’s near-term trend will likely offer vital insights into that of altcoins like Tezos.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Pakistan and El Salvador Team Up on Crypto — What It Means for the Best Presales Right Now

Pakistan and El Salvador Team Up on Crypto — What It Means for the Best Presales Right Now

Pakistan and El Salvador have initiated a diplomatic alliance that puts crypto first. It’s the latest in a global shift...

Aaron Walker 8 hours ago
BNB

Big Pharma In The Crypto Game: $60M Investment For BNB Treasury Strategy

Windtree Therapeutics (WINT), a biotech company dedicated to developing therapies for critical health conditions, has announced a significant partnership with...

Ronaldo Marquez 8 hours ago
xrp etf

Cena XRP vyskočila nad 3 $, keď SEC schválila nové ETF od ProShares

Ripple (XRP) a spolu s ňou aj Solana získavajú na sile. Investičná firma ProShares totiž uviedla na trh dve nové...

Karol Paták 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

XRP Path To A New All-Time High Is Playing Out Beautifully – Here’s How

Godspower Owie 6 hours ago
whale bitcoin

Ιστορική μεταφορά 40.000 BTC από «φάλαινα» Bitcoin προκαλεί σοκ στην αγορά

Ιωάννης Ριζόπουλος 6 hours ago

La Camera approva il riesame dei disegni di legge GENIUS, CLARITY e Anti-CBDC

clararosati 7 hours ago

Premium Sponsors

Press Releases

  • No Mining Hardware Needed: SunnyMining’s AI Cloud Mining...

    5 hours ago
  • 仮想通貨プレセール|イーサリアム急騰で注目のアルトコインシーズンに100倍成長が期待できる銘柄

    ...

    6 hours ago
  • 「大きな一歩」―コインベースCEOが示す仮想通貨投資の『10倍成長』予測とビットコイン20万ドル目標

    ...

    6 hours ago
  • 2025年7月に注目すべき新しい仮想通貨 — 次の10倍成長が期待される銘柄とは?

    2025年7月に注目すべき新しい仮想通貨 —...

    6 hours ago
  • 仮想通貨1000倍を狙う次世代トークンとは?プレセール急成長の理由

    ...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.