Tezos Price Analysis – Technicals heavily bearish despite strong on-chain growth

The recent boom for DeFi related coins, and the related Tezos on-chain growth, has likely temporarily sucked buy-side demand away from XTZ in the near term. However, technicals for both the XTZ/USD and XTZ/BTC pair show bearish trend metrics.

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Bitcoin (BTC) $ 37,805.13 0.06%
Ethereum (ETH) $ 2,029.17 0.95%
Litecoin (LTC) $ 70.04 0.22%
Bitcoin Cash (BCH) $ 223.09 0.18%