Tezos [XTZ]: Taking a closer look at why a further 10% rally is on the cards for XTZ

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin has been loath to give up the $30k level to bearish control, and at press time, a dip to $29.6k was swiftly bought up to push BTC back above $30k in the hours prior

Timeline of Tezos

Despite the crypto market trading lower today, Tezos and LINK both rose to one-month highs on Thursday. XTZ was up by 8.5% during today's session, whilst LINK rose by nearly 9% in the day. Overall, the global crypto market cap is down 0.55% as of writing. Chainlink (LINK) LINK continued its recent run on Thursday,

The cryptocurrency market is once again looking like a sea of red courtesy of the price swings within its narrow range. However, there are those that manage to stand out by moving contrary to the rest of the market and XTZ is one of them.

New York, NY, 6th June, 2022, Chainwire Former professional soccer player Demit Omphroy has launched his first-ever Tezos NFT collection with The Gap. The Gap has chosen Tezos NFT project DOGAMI for the first-ever fashion collaboration in the petaverse. Digital Gap logo hoodies specifically designed for DOGAMÍ avatars will engage players to express their virtual pet's individual

Tezos price analysis for today shows XTZ prices have been on a roller coaster ride over the past few weeks, however, things seem to be stabilizing at around the $2.10 mark. This is good news for those who have been holding onto their XTZ tokens, as it means that they are not likely to see.

Over the last 24 hours, several cryptocurrencies have observed recovery, with Bitcoin itself trading 4% above its 5 June's closing price. Tezos is one token that has also made significant progress in correcting the losses that the token witnessed from the Terra crash of 9 May.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Tezos has been bearish on higher timeframes, and the crypto asset has lost 60% of its value on the charts since the turn of the year.

Tezos price analysis indicates the prices are currently at a critical juncture and a breakout is imminent. Bulls are striving to keep prices afloat around $1.89 as a minor bullish trend takes shape.

Tezos price analysis shows a bearish trend as the coin indicates has been consolidating below the $2. level over the past few days as the overall cryptocurrency market remains in a bearish state.

Tezos price analysis reveals XTZ prices are up by 3.14 percent in the last 24 hours. The digital asset is currently trading at $1.95 after opening the day at $1.87.The digital asset is currently dominating 0.15 percent of the entire cryptocurrency market while it ranks at position 35.XTZ prices have been trading in a range.

Tezos price analysis for today shows that the XTZ/USD pair has recovered from a low of $1.77 and is currently fluctuating at around $1.94. The market had a bullish run yesterday which saw the price go up to $2.02 but it has since pulled back.