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Tezos [XTZ] Technical Analysis: Kraken listing lifts XTZ to fresh high
Tezos [XTZ] has clocked its highest level in nearly a week after the coin was added to Kraken, a Canada-based trading platform. The exchange on Monday announced that XTZ trading would commence on its platform, paired with the U.S. dollar, Euro, Ethereum and Bitcoin. Interestingly, the 18th most valuable crypto had risen a mere 1.5% in the last seven days. However, following the announcement, Tezos [XTZ] has posted solid gains of nearly $57.6 million in a span of 14 hours, shooting up over 7%, making it the biggest percentage gainer among the top 20 coins. Most recently, Kraken had listed Cardano [ADA] and Quantum [QTUM] on its platform, which pushed the prices of these altcoins as well. The latest listing of Tezos is expected to boost the adoption of the coin within the crypto community.XTZ/USD
The MACD indicates that the virtual currency is trading with bullish momentum and is also experiencing an uptrend, as evidenced by the 100 EMA line at press time. The coin has posted significant gains, breaking out from the key resistance level traced at $1.30. The hourly RSI indicator was noted at 56.33, suggesting increased buying of the crypto in the market. At the time of writing, the digital asset had climbed 5.8% against the U.S. dollar to trade at $1.35. The virtual currency's total market value currently stands at $813.3 million, according to CoinMarketCap. [caption id="attachment_25238" align="alignnone" width="1006"]
Tezos [XTZ] price chart[/caption]
XTZ/BTC
The digital currency has jumped 6.9% against Bitcoin [BTC]. At present, one XTZ equivalent to around 0.0002027 BTC. See also: Tezos [XTZ] prices dip by 20% after MainNet launch Tezos Mainnet finally arrives after a smooth betanet periodImage via Shutterstock
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