Tezos price analysis: XTZ is on a downslide at $0.9688 as bears degrade coin value

Tezos price analysis shows that the coin has been on a downtrend over the last 24 hours, with XTZUSD currently trading at $0.9688. The resistance for XTZUSD can be found at $0.9926, while support is at $0.966.

Timeline of Tezos

Paris, France, 15th November, 2022, Chainwire Team Vitality is pleased to announce the launch of the mobile app: V.Hive, the first support-to-earn mobile app in esports based on blockchain. The pioneering mobile app is built on Tezos, the world's most advanced blockchain and is available now on iOS and Android devices.

Tezos price analysis confirms an increasing trend for cryptocurrency as the coin value has increased today. Earlier the market value of Tezos has been sinking for the past week as a continuous bearish wave seemingly took over the market.

Tezos price analysis shows that the cryptocurrency has been experiencing a downtrend over the past 24-hours. The market opened trading in bullish territory, with XTZ prices hitting a high of $10.5 on the day.

Tezos price analysis shows bearish price movement today, with XTZ/USD stuck in a downward loop. XTZ suffered considerable damage as the price has sunken down to $1.39 after following the most recent downtrend.

Allbridge, a platform that offers cross-chain bridge capabilities for the transfer of assets between both EVM and non-EVM compatible blockchains, has integrated with Tezos (XTZ/USD), a leading proof-of-stake network. This crypto news on cross-chain integration for Tezos follows a partnership between Allbridge and MadFish.Solutions, a Tezos decentralised finance ecosystem provider.

KYIV, Ukraine, 4th November, 2022, Chainwire Allbridge, a cross-chain bridge platform, has announced its integration with the open-source, energy-efficient Tezos blockchain. This bridge is a mutual collaboration by the Allbridge and MadFish.Solutions teams.

Tezos (XTZ) creator Arthur Breitman says that crypto projects rewarding people tokens for basic activities like walking, playing or learning are unsustainable. In a new interview with crypto strategist Scott Melker, Breitman says the “to earn model” is flawed and will ultimately fade away.

On Wednesday evening, Bitcoin was largely flat, but Dogecoin and Ethereum saw gains with the total market value of cryptocurrencies being roughly constant at $1 trillion. After a largely lackluster market month, cryptocurrency ended October slightly higher, setting up what may be a busy November.

Tezos price analysis shows an increasing bearish tendency as the price has followed a descending movement in the last 24-hours. The bulls had attempted to push XTZ prices up to $1.48 but were unable to break past the resistance level at $1.47.

Tezos price analysis is bullish for today, as an increase in price up to $1.43 has been observed. The bulls have been successful in crafting an upwards trend line for the price function during the last few days, and the trend is the same for today as well.