{"id":413368,"date":"2020-02-05T09:12:58","date_gmt":"2020-02-05T09:12:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=413368"},"modified":"2020-02-05T09:12:58","modified_gmt":"2020-02-05T09:12:58","slug":"tezos-spikes-30-in-4-days-with-strong-fundamentals-whats-really-behind-the-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/tezos-spikes-30-in-4-days-with-strong-fundamentals-whats-really-behind-the-rally\/","title":{"rendered":"Tezos Spikes 30% in 4 Days With Strong Fundamentals, What’s Really Behind the Rally?"},"content":{"rendered":"

As talk of a return to alt season takes hold, Tezos demonstrates why. Since November 2019, XTZ<\/a> has been in an upward trend, having gained 150% during that time.<\/p>\n

Moreover, as resistance (at $1.90) was broken with a recent spike up, analysts are optimistic about a further run-up from here on out. Especially so considering a lack of resistance having bested its previous all-time high of $1.94.<\/p>\n

\"Tezos
Tezos price since its launch on Sept 18. (Source: tradingview.com)<\/figcaption><\/figure>\n

Tezos Performance Impresses With Strong Technicals<\/h2>\n

Tezos has been in sparkling form of late, having posted strong gains throughout February. But today sees a slight dip to $1.98 at the time of writing.<\/p>\n

All the same, Ionescu Doru HODL<\/span><\/a>, who began charting Tezos’ break since November 2019, today tweeted a new chart. His latest chart shows a breakout from a descending channel, with price sitting significantly higher than a crossed 50-day and 200-day moving average.<\/p>\n

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The conclusion is,,,,what it is and is looking sooooo HOT ! @XTZ<\/a> #XTZ<\/a> $XTZUSD<\/a> @tezos<\/a> Out of the flag, some retest and some breakout. Yes ! pic.twitter.com\/oWXOSwiwB8<\/a><\/p>\n

— Ionescu Doru HODL ( @DigiByteCoin @Conste11ation ) (@yodoru2003) February 4, 2020<\/a><\/p><\/blockquote>\n