Tezos Prevails As The Best Performing Cryptocurrency On The Market

Tezos prevails as one of the best performing cryptocurrency on the market over the course of the market-wide uptrend. XTZ even surged another 8 percent today while Bitcoin and other smaller altcoins see some tempered gains as we are reading in the Tezos XTZ news.

The upwards movement came right after the cryptocurrency retraced into what the analysts described as the ‘’golden pocket’’ which will help to boost the momentum. Tezos attempts to hold the key resistance level that will prove to be a the tie-breaker level for the cryptocurrency and where it goes from here will be the determining factor that will say whether or not the cryptocurrency will enter a massive uptrend. At the time of writing, Tezos is trading under 9 percent at the current price of $2.29 which remarks an increase from the daily lows of $2.09 which was set yesterday.

The upswing of the price notes an extension of the bullish movement that was incurred earlier this week when the crypto increased from the lows of $1.85 with the reaction to the support that exists at the level which is bolstered by the surge of the number one cryptocurrency from $6,000. It seems that Tezos prevails as the best performing cryptocurrency and it is even well-positioned to see further increase in the short term thanks to the result of the golden pocket retrace which could help boost the price even higher. Crypto traders on Twitter pointed out that  XTZ looks ‘’really good from here’’ against Bitcoin. Another notable push from here for Tezos’s BTC pair can prove to be highly bullish for the cryptocurrency since it is in a process of breaking the upper boundary of the resistance region that was hampering the growth in the past.

Another Twitter user spoke about this region while claiming that now is the perfect moment for XTZ since there’s a resistance that exists between 0.0003 BTC and just over 0.00031 BTC:

 “XTZ moment of truth. Will see how we close EOD but so far, not looking so hot. Be patient.’’

Right now, Tezos is trading at 0.0000317 BTC which is a slight increase above the upper boundary. If it manages to extend the momentum that was induced with the recent pullback, it could be set for more gains in the short-term.