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Tezos price prediction 2024-2030: How high can XTZ rise?

Key takeaways

  • Based on key support and resistance levels, XTZ could fluctuate between $0.66 and $2.48 in 2024.
  • In the near term after 2027, XTZ could reach above $4.72 per token if market sentiments stay bullish.
  • Key factors like the rate of adoption and platform updates and new features can push its price above the all-time high of $9.14 by 2030.

Tezos started out really strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles causing a loss in investor trust. 

Eventually, under the effects of the overall market, its price plummeted, and the coin has failed to recover up to the same mark since then. Unfortunately, Tezos is still lagging behind in adoption as compared to other smart contract platforms like Ethereum and Solana.

Following Bitcoin’s halving event that occurred earlier in April this year, many experts are expecting Bitcoin prices to reach $100k this season. Hence, we can see some price recovery in Tezos as well in the near time, provided that Bitcoin breaks through its ATH and continues to dominate the market.

As the market’s sentiments are somewhat bullish right now, many crypto enthusiasts are asking questions like, “Can Tezos token hit $100 in the long-term?” or at least, “Will Tezos recover to its all time high?” 

Let’s provide a thorough answer to these questions based on our Tezos price prediction.

Overview

CryptocurrencyTezos
TokenXTZ
Price$0.8174
Market Cap$810,584,758
Trading Volume$25,742,795
Circulating Supply990,210,036 XTZ
All-time High$9.18
All-time Low$0.31
24-hour High$0.824
24-hour Low$0.791

Tezos price prediction: Technical analysis

MetricValue
Price Prediction$0.965 (18.73% increase)
Volatility4.06%
50-Day SMA$0.816813
14-Day RSI54.15
SentimentSlightly bullish
Fear & Greed Index61 (Greed)
Green Days20/30 (53%)
200-Day SMA$1.022568

Tezos price analysis: XTZ retraces back and faces resistance at $0.837

TL; DR Breakdown 

  • XTZ/USD has recently retraced upwards after bottoming out out at $0.617, where it experienced strong support.
  • Since then, Tezos has broken out of the descending triangle pattern suggesting that a reversal is happening.
  • It will retest $0.82 and might bounce back to the new support between $0.79 and $0.75 before making its move to the upside.

XTZ price analysis on 19th July, 2024 is confirming that the market’s structure is slightly bullish. On the larger time frames, the chart has retraced after confirming strong support at the $0.617 mark earlier. The last time when XTZ tested this support region was at the end of last year. After that, the price of XTZ/USD broke above, similar to its recent movement. As of now, it has faced some resistance at $0.837.

XTZ price analysis 1-day chart: Tezos breaks out of the descending triangle and gears for a reversal

The Tezos 1-day price chart shows that the chart retraced and broke out of the descending triangle pattern after forming support at $0.617. Since then, it has formed a local top at $0.837 and dips slightly lower. As of now, the support is expected to be at the $0.75 mark. It may retest it and consolidate sideways in this range before deciding its next course.

XTZ/USD 1-day chart (Source: TradingView)

After retracing back, the RSI is somewhat suggesting that the market is overbought at the moment. With the RSI at 56, we can expect the market to slightly correct itself. This means that Tezos may soon retest $0.75. Since the market’s conditions look positive, it is likely to bounce back from this level.

XTZ/USD 4-hour price chart: Tezos once again retests $0.82 resistance

The 4-hour Tezos chart shows us that the market is currently nearing the resistance levels. Tezos seems to be facing some sell pressure at $0.82. The chart shows us the upper and lower bounds for this range. Based on that, we can expect some support around the $0.75 mark.

Tezos 4-hour chart (Source: TradingView)

The RSI on the 4-hour chart is also at 56. It suggests that it might be overbought on the lower time frame, and we can see slight correction before it moves up on the longer time frame.

What to expect from XTZ price analysis next?

At the moment, Tezos 1-hour price chart is clearly showing the resistance and support levels. On the shorter time frame, it looks like $0.79 may be the support from where it can bounce back. However, the RSI on the 1-hour chart is at 62, which again suggests that the market is overbought. Based on these indicators, XTZ is likely to retest levels between $0.79 and $0.75.

XTZ/USD 1-hour chart (Source: TradingView)

Tezos technical indicators: Levels and action 

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 0.80352BUY
SMA 5$ 0.80516BUY
SMA 10$ 0.78579BUY
SMA 21$ 0.77252SELL
SMA 50$ 0.81381SELL
SMA 100$ 0.90326SELL
SMA 200$ 1.02113SELL

Daily exponential moving average (EMA) 

PeriodValueAction
EMA 3$ 0.77202BUY
EMA 5$ 0.77144SELL
EMA 10$ 0.77650SELL
EMA 21$ 0.80116SELL
EMA 50$ 0.86858SELL
EMA 100$ 0.94395SELL
EMA 200$ 0.97870SELL

Tezos price analysis conclusion

Overall, Tezos seems to have slightly bullish sentiments today, on19th July. After bottoming out at $0.619, it has now retraced to the upside. For now, it is likely to face some resistance at $0.8 after which the bigger resistance will be at the $0.96 mark. However, it may consolidate sideways on the shorter-time frames before making its move upside.

Is Tezos a good investment?

Yes, Tezos is a good investment as it is currently on a dip, and the future prospects look good. Once the bull market returns in full-swing, Tezos’s price is likely to soar upwards. The platform itself is quite developed, supporting DeFi solutions, decentralized applications, and NFTs. However, as always, you should always do your own research because crypto can be extremely volatile.

Why is Tezos down? 

Tezos is down because the market’s conditions are bearish. However, as the majors improve and the overall sentiments turn to bullish, XTZ is likely to see significant improvement. That said, the main reason for its dip is the overall conditions of the market.

Will Tezos recover?

Yes, Tezos is likely to recover by the end of this year. Our price forecasts suggest that we can see XTZ hitting $3.15 by the end of this year.

Will Tezos reach $10?

Yes, Tezos can reach $10. It’s all-time high was at $9.18, and significant bullish momentum will be required to break through this level. At that point, we will see old investors cutting their losses and new investors taking profits aggressively.

Will Tezos reach $50?

Based on our price forecast, Tezos may not reach $50 by 2030. To get to that point, it will require a huge market cap. It is certainly possible if mass adoption happens and Tezos gets integrated with new systems. To get there, Tezos will have to compete with the already established players in the space such as Ethereum and Solana that have similar offerings.

Does Tezos have a good long term future?

Yes, Tezos seems to have a good long-term future due to the fact that the platform regularly brings updates and development is still on-going. It also fits into the larger narrative of decentralized finance, an decentralized applications.

Recent news/opinion on Tezos

  • Tezos has announced its annual flagship conference in Brussels, Belgium, on July 11th, 2024. 
  • Last month, on 3rd May, 2024, Tezos announced the integration of MintyCode Dao with Tezos.
  • Earlier, on June 27th, Tezos announced its plans for Tezos X, which is a cloud-like backend that supports various apps.

Tezos price prediction July 2024

Tezos price has finally broken out of the descending triangle. It looks like XTZ/USD has bottomed out for July, and it will retrace upwards after consolidating sideways on the shorter timeframes. Depending on the market’s momentum, it may retest $0.9 and potentially break above it.

At the time of this writing, XTZ is gearing to retest $0.80 as it consolidates sideways on the hourly chart. It’s a good indication that the market is stabilizing on the smaller time-frames, which will allow it to retrace higher in the coming few days.

Tezos price predictionPotential LowPotential AveragePotential High
Tezos price prediction July 2024$0.600.78$0.96

Tezos price prediction 2024

Experts expect the overall cryptocurrency market to become bullish in the near future. While this also depends on the world’s economic state and other factors like clashes between countries, the overall outlook is positive for Q3 and Q4 of 2024. Bitcoin’s surge after halving and the increasing popularity of ETFs are the main reasons driving the market. 

Should that occur, Tezos will undoubtedly benefit. We can expect it to recover above its current resistance levels by the end of 2024, so its price can very well test $3.0 and even break above. 

Tezos price predictionPotential LowPotential AveragePotential High
Tezos price prediction 2024$1.15$2.56$3.15

Tezos price prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$2.34$3.60$4.70
2026$3.44$4.10$5.50
2027$4.32$5.44$6.10
2028$4.12$5.42$6.23
2029$7.27$7.90$8.40
2030$7.50$8.50$9.20

Tezos price prediction 2025

At the start of 2025, we can expect the bull market to be in full swing, as it would mark more than six months since Bitcoin’s halving. The crypto market indicates that Tezos can reach an average price of $3.60 due to the recovery in investor interest and the possible stabilization of inflation at 2%.

Tezos price prediction 2026

In 2026, the growth will be relatively slower, although the market will still have bullish sentiments. Due to the slowdown, we will likely see increased selling pressure with a higher fear index. Higher Tezos adoption may result in prices well above $5. Otherwise, we can expect them to stabilize at the $3.44 mark.

Tezos price prediction 2027

If we look at the previous chart of Tezos, and assume that it will follow the usual trends in market cycles, then the XTZ price could recover and stabilize somewhere between $5.44 and $6.10, but that will require improved trust in the Tezos platform.

Tezos price prediction 2028

In 2028, Tezos can be expected to continue its rally upwards, with the average price reaching the $6.23 mark or above. However, it can continue trading at an average price of $5.42 throughout the year.

Tezos price porecast 2029

Based on the current projections, XTZ may be valued at a minimum price of $7.27 and peak as high as $8.40, assuming that the market continues to follow the same bullish/bearish cycles as the last few years, with an average price of $7.90 throughout 2029.

Tezos (XTZ) price prediction 2030

If Tezos undergoes important developments and gains more users, its price in 2030 could reach as high as $9.20, matching its previous record. If that happens, the price can even break above $10. However, the price so far down the road depends on the platform’s utility and adoption.

Tezos market price prediction: Analysts’ XTZ price forecast

Firm Name20242025
Gov.Capital$0.90$1.036
DigitalCoinPrice$1.93$2.46
Changelly$1.06$1.62

Cryptopolitan’s Tezos (XTZ) price prediction

Tezos is expected to reach $3.15 by the end of 2024 while forecasts up to 2030 give a positive outlook about its price breaking the $10 mark. However, the future price of Tezos is based on its potential to recover to its all-time high above $9. For that to happen, market conditions must become bullish along with an increase in Tezos adoption. 

Tezos historic price sentiment 

  • Tezos mainnet went live in September 2018, and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. 
  • XTZ price peaked during the bullish cycle of 2021, when it reached above $9.0.
  • After 4th April, 2022, XTZ price plummeted below $4.0 and by the 9th May, its price had sharply fallen below the $2 mark.
  • By 25th December 2022, XTZ was valued at $0.8, significantly 
  • From there, it consolidated between $0.6 and $1.4 until the 9th of March 2024.
  • In April 2024, Tezos price dipped from an opening price of $1.4 to a low of $0.870, and the month closed at $0.915.
  • May 2024 saw some retracement in Tezos price as it recovered up to $1.0 before closing at $0.959. However, the overall sentiments still remained bearish.
  • June has been quite bearish for XTZ as it fell from an opening price of $0.959 to a low of $0.678.
  • As of July, Tezos seems to have bottomed out around the $0.61 mark and looks like it is primed for a retracement up to the $0.8 – $0.9 levels.
  • The overall sentiment of Tezos has been bearish over the last couple of years after booming in 2021. However, it is expected to recover by the end of this year.

FAQs

Will Tezos' price go back up? 

Yes, it will go back up in the long-term but its price action in the short-term depends on platform updates, news, global events, and overall sentiments in the crypto market. 

Will Tezos hit $100 by 2030?

No, Tezos is not likely to hit $100 by the end of 2030. Generous estimates suggest that it can possibly recover back to its all-time high.

What is the projected price of Tezos in 2025?

The future price of XTZ/USD in the short-term is very uncertain, as the platform needs more adoption. However, it certainly does have potential and can be a good investment for the long-term.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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