Recent developments suggest that Tezos and its native coin, XTZ, may have placed itself in a precarious scenario. XTZ price reveals a bullish trend Key resistance spotted at $1.48 Tezos price support present at $1.44 On August 25, a group of network contributors under the name Baking Bad claimed that the cryptocurrency exchange Binance had wrongfully frozen over $1 million in assets. Meanwhile, authors further urged the Tezos community to stop supporting the Changpeng Zhao (CZ)-led group by withdrawing their funds from the exchange. Related Reading: Flow Monitoring: Why This Price FLOW May Not Attract Short-Term Traders While the cryptocurrency exchange promptly refuted the accusations, the price of XTZ began to look for crude oil on the charts. The Proof-of-Stake (PoS) backed coin’s price was $1.48 at the time of publication. Data from CoinMarketCap showed that the price had dropped by 10.10% over the previous day. XTZ’s dip was the largest in the previous seven days, notwithstanding the fact that the bulk of the market’s cryptos were in the red. Tezos (XTZ) Price In A Breakout Zone According to CoinMarketCap, XTZ price has plunged by 0.44% or trading at $1.46 as of this writing. We can see that the price of Tezos is currently in a breakout zone between $1.48 and $1.44 on the 1-day price analysis chart. The next action could be influenced by a move made in either direction. For the past 24 hours, the bulls h...
