Most falls occur in the vicinity of the
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Tezos price could fall towards the 100-SMA at $2.27 and as low as the 200-SMA at $2.22. However, a rejection from the 50-SMA level, which coincides with a high established on January 12, can quickly shift the odds back in favor of the bears. The MACD has just flipped bullish again and the Parabolic SAR turned positive in the past 10 hours, both indicators adding a lot of credence to the potential of a bullish breakout above $2.5. A breakout above this level can drive Tezos price to a high of $3 as there is very little resistance on the way up. On the 4-hour chart, the strongest resistance level is the 50-SMA located at $2.5.
Most falls occur in the vicinity of the crack#
Tezos price can quickly jump to $3 if bulls can crack this level The digital asset is trying to recover and it’s on the verge of establishing an uptrend in the short-term, but still faces one significant resistance level. Tezos had a massive dive on January 10 from its 2021-high at $2.94 down to $2.1. The digital asset faces one crucial resistance level before a potential move to $3.Tezos price seems poised for a bullish move as several indicators have turned bullish.