Tezos is a blockchain network based on smart contracts which aims to offer more advanced infrastructure.
This open source platform is rumored to be able to grow and improve over time without any risk to the hard fork.
Arthur Breitman was the founder of Tezos along with his wife Kathleen. Yet in every work he writes, he loves to write his name as LM Goodman.
He also said that from that aspect, it can make his approach futureproof and will remain sophisticated into the future as well as safer.
If witnessed on the XTZ/USDT chart, the XTZ price movement has jumped over 300% and recorded the latest all -time high (ATH) level around the $ 8.42 price.
Yet after posting the latest ATH of $ 8.42, the price of the XTZ continued to decline over 70% and the decline has also prompted the price movement to re -test the $ 2.50 support level.
The next expectation, if the price movement continues to decline the support level of $ 2.50 will continue to be passed and is expected to head to the lowest support level at the price level of $ 1.70- $ 2.
If the $ 1.70- $ 2 low support level fails to re-support the price spike, it is likely that the latest lows for the 2021 market will be created.
On the other hand, if the XTZ price regains positive sentiment, it is seen that the price will test the $ 3.30 resistance level before it is expected to head to the SBR (support become resistance) level around $ 4.
If the price manages to maintain the uptrend, the XTZ price will give a clear signal to make a trend change to a bullish trend.
As of 4.30pm local time, the XTZ price made a decline of over 2% to trade at a price level of around $ 2.43.
