After a sharp decline on Saturday, the crypto market has been steadily consolidating. Some tokens are in a severe recession and are falling towards lower levels. However, others are making significant gains and moving towards new highs. Tezos is the number one gainer in the last 24 hours.

Tezos trades at $5.24 as of the writing, after a 27.7% gain over 24 hours.

Tezos price analysis

Tezos has experienced a noteworthy bullish run in the last 24 hours. Tezos' current rally is very similar to that of early October. It reached an all-time high $9 on October 4.

If Tezos continues to make gains, it may soon surpass the $5.30 resistance level. The token could then set its next target at $5.50. If buyers maintain their bullish momentum, pushing towards $6 is possible.

This token has seen a weekly high of $5.85 in the last 24 hours, up from $4.10 before the bullish rally.

If there isn’t enough support in the wider market, buyers might start to dispose of the token. The lower support of $5.20 could be tested if the coin falls to lower levels. If the bear trend in the wider market is strong, the token could drop to $5.

Tezos' recent gains are accompanied by news that the blockchain will partner with Ubisoft. Ubisoft is a top gaming platform. Ubisoft will use the Tezos blockchain for non-fungible tokens (NFTs), also known as Digits. Gamers can use these NFTs on Ubisoft.

Where can I buy XTZ?

You can open an eToro cryptocurrency exchange account to purchase XTZ tokens during current gains. eToro is a leading cryptocurrency exchange platform. eToro allows investors to trade a variety of cryptocurrencies. This makes it a great platform for diversifying their portfolios. It has many user-friendly features, including low trading fees and copy trade.

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By: Ali Raza
Title: Tezos Price at $5.24 after 27.7% gains – How to buy XTZ
Sourced From: insidebitcoins.com/news/tezos-price-at-5-24-after-27-7-gains-how-to-buy-xtz
Published Date: Wed, 08 Dec 2021 15:43:30 +0000