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 pic.twitter.com/IL4zJBe9oU
- 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.
