Tezos Fluctuates Between Levels $1.95 and $2.50 After Rejection at $3.0 High

The price of Tezos is above the moving averages which suggest that the coin is capable of rising. On the upside, if the resistance at $2.50 is broken and the price momentum is sustained, the coin will rally to $3.40 high.

A break below the SMAs will indicate a further downward movement of the coin. This retracement indicates that the coin will rise to level 1.618 Fibonacci extensions.

Timeline of Tezos