It has been another great day for the crypto markets, and the popular altcoin Tezos has moved its price above $ 2 with the latest bullish trend. Altcoin remains one of the "most bullish cryptocurrencies". Analysts emphasize that while looking at the weekly chart of the cryptocurrency, its strong response to a significant level indicates that the bullish trend may be just beginning. In addition to showing strength against the USD trading pair, analysts suggest that altcoin may also perform well against Bitcoin soon. A popular analyst states that a 10% short-term upward move in Tezos is close.

“Popular altcoin Tezos shows signs of a tremendous rise”
At the time of writing, Tezos trades at its current price of $ 2.00, which marks an important extension of the rally that took place on Sunday night for the first time after the weekly candle in the market has closed. This rally raised the cryptocurrency from its $ 1.5 low to about $ 2.10. The ongoing uptrend has allowed cryptocurrency to put some distance between the $ 1.20 level, where it started in 2020.

Cheds
@bigcheds
$ XTZ Tezos Weekly chart - Worth keeping an eye on

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06:02 - 7 Apr 2020
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According to analysts, Tezos is still one of the most bullish cryptocurrencies of this year. However, altcoin is still trading at significantly lower prices than its $ 4 high. According to analysts, if the bulls want to regain this level, they have to try hard. The weekly chart of cryptocurrency shows signs of a tremendous rise, according to Big Cheds, a popular analyst.

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