Tezos price prediction 2024-2030: How high can XTZ rise?

Key takeaways

• Based on key support and resistance levels, XTZ could fluctuate between $0.66 and $2.48 in 2024.
• In the near term after 2027, XTZ could reach above $4.72 per token if market sentiments stay bullish.
• Key factors like the rate of adoption and platform updates and new features can push its price above the all-time high of $9.14 by 2030.

Tezos started out really strong as a platform for smart contracts and decentralized apps. After being released in 2018, its price touched an all-time high of $9.12 in 2021. However, throughout this time, it faced issues like lawsuits and power struggles causing a loss in investor trust. 

Eventually, under the effects of the overall market, its price plummeted, and the coin has failed to recover up to the same mark since then. Unfortunately, Tezos is still lagging behind in adoption as compared to other smart contract platforms like Ethereum and Solana.

Following Bitcoin’s halving event that occurred earlier in April this year, many experts are expecting Bitcoin prices to reach $100k this season. Hence, we can see some price recovery in Tezos as well in the near time, provided that Bitcoin breaks through its ATH and continues to dominate the market.

As the market’s sentiments are somewhat bullish right now, many crypto enthusiasts are asking questions like, “Can Tezos token hit $100 in the long-term?” or at least, “Will Tezos recover to its all time high?” 

Let’s provide a thorough answer to these questions based on our Tezos price prediction.

Overview

Cryptocurrency	Tezos
Token	XTZ
Price	$0.7649
Market Cap	$758,042,761
Trading Volume	$19,991,193
Circulating Supply	988,796,477 XTZ
All-time High	$9.18
All-time Low	$0.31
24-hour High	$0.767
24-hour Low	$0.667

Tezos price prediction: Technical analysis

Metric	Value
Price Prediction	$0.80722 (13.36% increase)
Volatility	5.06%
50-Day SMA	$0.856936
14-Day RSI	38.10
Sentiment	Slightly bullish
Fear & Greed Index	28 (Fear)
Green Days	15/30
200-Day SMA	$1.03778

Tezos price analysis: XTZ bottoms out at $0.617 and gears to retrace back to $0.9

TL; DR Breakdown 

• XTZ/USD has recently faced a lot of sell pressure and seems to have bottomed out at $0.617, where it experienced strong support.
• Tezos is now breaking out of the descending triangle pattern that it was forming throughout the last month.
• Indicators suggest that this may be a good time for swing traders to buy Tezos as it will retrace upwards and retest $0.8 soon, and possibly break higher to retest the resistance at $0.96.

XTZ price analysis on 10th July, 2024 is confirming that the market’s structure is bearish at the moment. But at the same time, strong support has been confirmed at the $0.617 mark. The last time when XTZ tested this region was at the end of last year. After that, the price of XTZ/USD broke above. This could mean that Tezos is once again gearing up for an upwards reversal.

XTZ price analysis 1-day chart: Tezos price is about to break above

The Tezos 1-day price chart has shown us a consistent dip in its price over the last entire month. Then it dipped sharply to $0.617 and found strong support at this level. At the same time, the bounce back from this level seems to have broken the descending triangle pattern that was formed over the last entire month.

After retesting the upper trend line, Tezos has broken above. At the same time, the chart shows that there is a strong support in the $0.62 region. The RSI is also fairly balanced at 47. Overall, it looks like Tezos is now primed for a reversal, after which the next major resistance zones will be $0.8 and $0.96.

XTZ/USD 4-hour price chart: Tezos once again gears to retest $0.8 resistance

The 4-hour Tezos chart also gives us the same pattern as its 1-day chart. It has broken out from the descending triangle, and now gears to retest $0.8 where it is expected to see some resistance. However, it looks like the bears are losing control and now we can see the Tezos price movements moving towards the upside.

The RSI on the 4-hour chart, however, is at 67. It suggests that it might be overbought on the lower time frame, and we can see slight correction before it moves up on the longer time frame.

What to expect from XTZ price analysis next?

At the moment, Tezos 1-hour price chart is clearly giving a reversal pattern, where the market is recovering rapidly after dipping to the $0.617 mark. However, as we can see, some resistance is expected once it touches the $0.8 mark.

Tezos technical indicators: Levels and action 

Daily simple moving average (SMA)

Period	Value	Action
SMA 3	$0.73746	BUY
SMA 5	$0.72584	BUY
SMA 10	$0.75002	BUY
SMA 21	$0.77071	SELL
SMA 50	$0.85250	SELL
SMA 100	$0.95250	SELL
SMA 200	$1.03609	SELL

Daily exponential moving average (EMA) 

Period	Value	Action
EMA 3	$ 0.75855	BUY
EMA 5	$ 0.76518	SELL
EMA 10	$ 0.77516	SELL
EMA 21	$ 0.80310	SELL
EMA 50	$ 0.87214	SELL
EMA 100	$ 0.94724	SELL
EMA 200	$ 0.9806	SELL

Tezos price analysis conclusion

Overall, Tezos seems to have slightly bullish sentiments today. After bottoming out at $0.619, it is now gearing for a reversal to the upside. For now, it is likely to face some resistance at $0.8 after which the bigger resistance will be at the $0.96 mark. However, it may consolidate sideways on the shorter-time frames before making its move upside.

Is Tezos a good investment?

Yes, Tezos is a good investment as it is currently on a dip, and the future prospects look good. Once the bull market returns in full-swing, Tezos’s price is likely to soar upwards. The platform itself is quite developed, supporting DeFi solutions, decentralized applications, and NFTs. However, as always, you should always do your own research because crypto can be extremely volatile.

Why is Tezos down? 

Tezos is down because the market’s conditions are bearish. However, as the majors improve and the overall sentiments turn to bullish, XTZ is likely to see significant improvement. That said, the main reason for its dip is the overall conditions of the market.

Will Tezos recover?

Yes, Tezos is likely to recover by the end of this year. Our price forecasts suggest that we can see XTZ hitting $3.15 by the end of this year.

Will Tezos reach $10?

Yes, Tezos can reach $10. It’s all-time high was at $9.18, and significant bullish momentum will be required to break through this level. At that point, we will see old investors cutting their losses and new investors taking profits aggressively.

Will Tezos reach $50?

Based on our price forecast, Tezos may not reach $50 by 2030. To get to that point, it will require a huge market cap. It is certainly possible if mass adoption happens and Tezos gets integrated with new systems. To get there, Tezos will have to compete with the already established players in the space such as Ethereum and Solana that have similar offerings.

Does Tezos have a good long term future?

Yes, Tezos seems to have a good long-term future due to the fact that the platform regularly brings updates and development is still on-going. It also fits into the larger narrative of decentralized finance, an decentralized applications.

Recent news/opinion on Tezos

• Tezos has announced its annual flagship conference in Brussels, Belgium, on July 11th, 2024. 
• Last month, on 3rd May, 2024, Tezos announced the integration of MintyCode Dao with Tezos.
• Earlier, on June 27th, Tezos announced its plans for Tezos X, which is a cloud-like backend that supports various apps.

🔥 Introducing Tezos X — a blockchain with superpowers — a scalable, cloud-like backend for a wide range of apps.

Read on to find out what this means – and how we could get there. 🧵⤵️#TezosX

(1/7) pic.twitter.com/NZQHCWUu3F

— Tezos (@tezos) June 27, 2024

Tezos price prediction July 2024

Tezos price has finally broken out of the descending triangle. It looks like XTZ/USD has bottomed out for July, and it will retrace upwards after consolidating sideways on the shorter timeframes. Depending on the market’s momentum, it may retest $0.9 and potentially break above it.

At the time of this writing, XTZ is gearing to retest $0.80 as it consolidates sideways on the hourly chart. It’s a good indication that the market is stabilizing on the smaller time-frames, which will allow it to retrace higher in the coming few days.

Tezos price prediction	Potential Low	Potential Average	Potential High
Tezos price prediction July 2024	$0.60	0.78	$0.96

Tezos price prediction 2024

Experts expect the overall cryptocurrency market to become bullish in the near future. While this also depends on the world’s economic state and other factors like clashes between countries, the overall outlook is positive for Q3 and Q4 of 2024. Bitcoin’s surge after halving and the increasing popularity of ETFs are the main reasons driving the market. 

Should that occur, Tezos will undoubtedly benefit. We can expect it to recover above its current resistance levels by the end of 2024, so its price can very well test $3.0 and even break above. 

Tezos price prediction	Potential Low	Potential Average	Potential High
Tezos price prediction 2024	$1.15	$2.56	$3.15

Tezos price prediction 2025-2030

Year	Minimum Price	Average Price	Maximum Price
2025	$2.34	$3.60	$4.70
2026	$3.44	$4.10	$5.50
2027	$4.32	$5.44	$6.10
2028	$4.12	$5.42	$6.23
2029	$7.27	$7.90	$8.40
2030	$7.50	$8.50	$9.20

Tezos price prediction 2025

At the start of 2025, we can expect the bull market to be in full swing, as it would mark more than six months since Bitcoin’s halving. The crypto market indicates that Tezos can reach an average price of $3.60 due to the recovery in investor interest and the possible stabilization of inflation at 2%.

Tezos price prediction 2026

In 2026, the growth will be relatively slower, although the market will still have bullish sentiments. Due to the slowdown, we will likely see increased selling pressure with a higher fear index. Higher Tezos adoption may result in prices well above $5. Otherwise, we can expect them to stabilize at the $3.44 mark.

Tezos price prediction 2027

If we look at the previous chart of Tezos, and assume that it will follow the usual trends in market cycles, then the XTZ price could recover and stabilize somewhere between $5.44 and $6.10, but that will require improved trust in the Tezos platform.

Tezos price prediction 2028

In 2028, Tezos can be expected to continue its rally upwards, with the average price reaching the $6.23 mark or above. However, it can continue trading at an average price of $5.42 throughout the year.

Tezos price porecast 2029

Based on the current projections, XTZ may be valued at a minimum price of $7.27 and peak as high as $8.40, assuming that the market continues to follow the same bullish/bearish cycles as the last few years, with an average price of $7.90 throughout 2029.

Tezos (XTZ) price prediction 2030

If Tezos undergoes important developments and gains more users, its price in 2030 could reach as high as $9.20, matching its previous record. If that happens, the price can even break above $10. However, the price so far down the road depends on the platform’s utility and adoption.

Tezos market price prediction: Analysts’ XTZ price forecast

Firm Name	2024	2025
Gov.Capital	$0.90	$1.036
DigitalCoinPrice	$1.93	$2.46
Changelly	$1.06	$1.62

Cryptopolitan’s Tezos (XTZ) price prediction

Tezos is expected to reach $3.15 by the end of 2024 while forecasts up to 2030 give a positive outlook about its price breaking the $10 mark. However, the future price of Tezos is based on its potential to recover to its all-time high above $9. For that to happen, market conditions must become bullish along with an increase in Tezos adoption. 

Tezos historic price sentiment 

• Tezos mainnet went live in September 2018, and immediately gained popularity for dealing with the environmental impact of blockchain technologies at that time with its PoS model. 
• XTZ price peaked during the bullish cycle of 2021, when it reached above $9.0.
• After 4th April, 2022, XTZ price plummeted below $4.0 and by the 9th May, its price had sharply fallen below the $2 mark.
• By 25th December 2022, XTZ was valued at $0.8, significantly 
• From there, it consolidated between $0.6 and $1.4 until the 9th of March 2024.
• In April 2024, Tezos price dipped from an opening price of $1.4 to a low of $0.870, and the month closed at $0.915.
• May 2024 saw some retracement in Tezos price as it recovered up to $1.0 before closing at $0.959. However, the overall sentiments still remained bearish.
• June has been quite bearish for XTZ as it fell from an opening price of $0.959 to a low of $0.678.
• As of July, Tezos seems to have bottomed out around the $0.61 mark and looks like it is primed for a retracement up to the $0.8 – $0.9 levels.
• The overall sentiment of Tezos has been bearish over the last couple of years after booming in 2021. However, it is expected to recover by the end of this year.