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Tezos reported a new ATH at $ 7.20 and is likely to experience some consolidation above the $ 6 mark in the next few days. Nano, on the other hand, has experienced decline in the past few days.

 

Tezos (XTZ) price analysis

Tezos broke its all-time record at $ 7.21 and faced support levels at $ 6.16 and resistance at $ 6.8 at the time of this writing. OBV was relatively flat after this forward fluctuation. The portion marked in white is a mullet (value insignificant, relative position important) in OBV, and the OBV break below this floor will signal a deeper retracement for XTZ below $ 6.

The MACD is also retracting alongside the price, and at the time of this writing it is heading just above the zero line and down. As a result of this move, we can see that XTZ is testing the support once again.

Ontology (ONT) price analysis

ONT broke below the ascending channel more than a week ago and had to retreat to the $ 1.78 point below. Since then, the $ 1.83 level remained support and ONT met resistance at the $ 1.9 level.

The trading volume has started to decline in recent days and this could be an early sign of consolidation for ONT between the $ 1.8 – $ 1.9 levels. The RSI has also been hovering around the neutral 50 line in the past 24 hours.

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