Tezos (XTZ) Market Prediction as Mumbai Upgrade Goes Live


  • Tezos The trading range is between key support of $0.97, and major resistance at 1.28.
  • XTZ bulls can target $2 in April if the price rises, strong support at $0.70
  • The Tezos Blockchain recently underwent its 13th protocol upgrade called Mumbai.

The Price of Tezos (XTZ), is down 6.2% over the last 30 days. In the last 24 hours, there have been decreases of 1.2%. The Market has been relatively stable in terms of XTZ prices, with XTZ/USD hovering just over $1.10 after the decline from highs at $1.50 in February.

Tezos Price is down 70% in the past year and over 87% from its high of $9.12 in early 2008. October 2021.

Tezos’ Smart Rollups go live with Mumbai Update

Tezos It is a proof of stake (PoS), blockchain designed to self-evolve and self-amending with adoption.It The blockchain goes through several upgrades to ensure security and decentralisation. 

Tezos’ liquid proof-of-stake consensus mechanism allows for the staking of XTZ, which is called baking. Holders Rewards can be earned by members of XTZ “bake” To help maintain the network’s security.

After Its 12th update dubbed “The Upgrade” introduced updates to optimistic rollups as well as consensus keys. Lima In December 2022, Tezos An announcement was made Wednesday the next upgrade – Mumbai – was live. The This 13th upgrade to blockchain’s blockchain platform brings the main update of the introduction of Smart Rollups.

The upgrade introduces a layer-2 scaling solution that will bump the network’s transaction throughput, with block time reduced from 30 seconds to 15. Apart You can process transactions faster with this feature Mumbai It also increases the security and integrity decentralised apps (dApps), built on Tezos.

XTZ Market Prediction

The Price of XTZ is retesting support for a downtrending trend line on the 4 hour chart. While The 4-hour RSI drops below 50, but there is still decent demand at $1.06.

Tezos The price of the 4-hour chart. Source: TradingView

A breakdown of the downtrendline could lead to more selling pressure and see XTZ/

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