Tezos Is Struggling to Keep Its Gains
Tezos (XTZ) has fallen 1.5% this week to $0.700, underperforming the broader crypto market while Bitcoin (BTC) surged 9.4% to $87,409. Despite monthly gains of 21.0% and a November rise of 11.0%, Tezos remains confined within a flat range of $0.600-0.800. For any upward movement, breaking through the $0.800 resistance is essential. However, Tezos has faced challenges due to a lack of significant news and only slow growth in network activity.
Without strong catalysts, there’s a risk that XTZ could eventually break downwards out of its current range if the broader crypto market faces a correction.
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