August 24, 2021

Tezos (XTZ) Prove High Potential Generates Consistent Surge!

 Tezos, a smart contract this has seen a consistent reputation in the market in recent times.

The August trading session, Tezos produced a 55% jump reaching the latest high of $ 4.47 in today’s trading session.

This consistent surge has been influenced by the 7th Tezos ‘Granada’ upgrade launched in early August.

Tezos 7th Upgrade 'Granada' Is Now Live!

👊🏾Emmy* consensus, cutting block times by 50%

🔥Gas improvements, massively reducing gas consumption in smart contracts

✅Liquidity baking, leveraging governance mechanism and incentives to provide for public goods #Tezos #Granada

- Tezos (@tezos) August 6, 2021

These new improvements lead to improvements on ‘bug’ issues, liquidity banking, and gas.

Current sentiment about 3 European banks choosing Tezos to lead smart contract support has proved Tezos a high -potential crypto.

Next, look at the current movement chart of the XTZ/USDT price.

When the XTZ analysis article was released last June, Tezos was trading at a price of around $ 2.40.

Still, XTZ has consistently produced a 110% jump so far in today’s trading session.

From a technical point of view, the XTZ price movement is seen to remain in a bullish trend and is testing the resistance zone around $ 4.40.

If the price movement remains with a bullish trend, the resistance level around $ 4.40 will be broken and the possibility of making a higher jump.

However, if the price movement returns to see a bearish trend, the RBS (resistance become support) level around $ 3.8 will be tested first before continuing to decline to lower levels.

At the time of writing, the XTZ is trading at a price of around $ 4.2 up over 11% in the last 24 hours.