Tezos price analysis: XTZ moves towards positive dynamics at $1.382

Tezos price analysis is bearish as the cryptocurrency has experienced a rise in the past few hours. Bulls have taken control of the market, and the coin value rose from $1.274 on October 14, 2022, and reached $1.435.

Timeline of Tezos

Tezos price analysis is bearish as the cryptocurrency has experienced a rise in the past few hours. Bulls have taken control of the market, and the coin value rose from $1.403 on October 9, 2022, and capped at $1.421; bulls continue to rule the market today; however, a price increase is imminent.

Tezos price analysis is bearish as the cryptocurrency has experienced a fluctuating movement in the past few days. Bulls are trying to engulf the market as all their efforts are in vain, and the coin value fell from $1.425 on October 8, 2022, and capped at $1.

Today's Tezos price analysis reveals that prices are on a prevailing downtrend that has been seen since yesterday's market rally. The 2.15 percent drop in prices has decreased XTZ to $1.40 from the intraday high of $1.44.

The latest Tezos price analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following the price since the start of this week.

Tezos, a layer 1 blockchain, activated an upgrade dubbed Kathmandu on Friday (23 September), according to a tweet from the team. The Kathmandu upgrade reportedly went live on Friday at block 2,736,129 of the Tezos proof-of-stake (PoS) mainnet.

Proof-of-Stake (PoS)-based blockchain, Tezos [XTZ], upgraded a protocol on its mainnet. The upgrade, called Kathmandu, was first proposed to the Tezos community in July, and was the eleventh time there has been an upgrade.

Tezos prices have been erratic over the previous few months, with bears predominating and a decline of 8.87% over the last week. Currently trading at $1.45 Tezos had a significant drop in the midst of June, reaching the support level of $1.19, before recovering.

This October HEC Paris and Tezos will collaborate for the first time to host a WEB 3.0 HACKATHON. During a full weekend, HEC will put together teams of students from Top Tier Tech and Business universities in Europe, blockchain enthusiasts, and professionals of the WEB 3.

Amid a sideways rally, the Tezos Price has squeezed into a narrow range stretched from $1.68 to $1.42. The altcoin has been wobbling in this range since last month, testing the overhead resistance twice and the bottom support thrice.

Today marks a bullish day for Tezos price analysis since the entire crypto market is currently on an upwards rally after the significant dip yesterday.   However, the crypto heat map shows us that the rally is not significant even though the market is showing slight signs of recovery.