💥 $XTZ is preparing for a long bullish launch: Are we facing a new 2,000% cycle?
The Tezos currency ($XTZ ) is currently trading at $0.92, with a daily increase of +12.6%, showing strong technical signals for the beginning of a bullish cycle similar to what happened in 2021.
📊 Historical Technical Analysis
- The same support area that preceded a 1,111% rise in 2021 is being activated again since November 2022.
- The price has been moving within a low range for three years, reflecting a long-term accumulation phase.
- The previous bull market lasted 714 days, supporting the scenario of a new extended cycle.
🔍 What distinguishes this cycle?
- Classic bullish trend: higher highs and higher lows.
- Current market conditions are more mature, with institutional involvement and expansion in the use of Tezos in decentralized applications.
- Some analysts expect the next cycle to last 2–3 years, not just months.
💡 Summary
Tezos is moving within a historical range indicating the beginning of an unusual bullish cycle.
The current calm may be a prelude to a long-term price explosion.
The most suitable strategy? Buy and hold, and watch for the upcoming shift.
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