This Crypto May Explode as it Flirts with a Massive Demand Zone
As for how high this could send the crypto, one analyst believes that it will see especially notable gains against its Bitcoin trading pair, potentially allowing it to climb 20% or more. Big Cheds – a popular crypto analyst on Twitter – spoke about this in a recent tweet, explaining that Tezos is “flirting with a key demand area” on its daily chart, while also seeing incredibly tight Bollinger Bands.
Crypto Michaël, another popular analyst, explained in a tweet from a couple of days ago that his upside target for Tezos sits at roughly 3000 sats, with a visit to this level marking a roughly 20% climb from its current price of 2500 sats. If Tezos’ pinching Bollinger Bands do signal that a massive movement is imminent, the confluence of the crypto’s strong support and mounting demand zone is likely to make this potentially explosive movement favor bulls.
