- XTZ/USD is currently sandwiched between SMA 20 and SMA 50 curves.
- Tezos investors won a $25M lawsuit regarding the legal status of the firm’s $25M ICO.
XTZ/USD daily chart
XTZ/USD bulls have stayed in control of the market for the second straight day and the asset is presently trading for $3.45. The buyers will be aiming for the $4-mark as Crypto Michal as previously pointed out.
$XTZ #TEZOS
— Crypto Michaël (@CryptoMichNL) September 1, 2020
Still going as we want it to be going. Expecting a breaker to $4 quite soon. pic.twitter.com/HL0KfkALHL
The Elliott Oscillator has had two straight green sessions, while the William’s %R is trending along in the neutral zone. XTZ/USD faces strong resistance at $3.60 (SMA 20), $3.70 and $4.10. On the downside, we have healthy support at $3.37 (SMA 50), $3.25 and $2.90.
Tezos investors win lawsuit
A long-running lawsuit that suggested that Tezos’ record-breaking $232 million ICO (initial coin offering) was an unregistered securities sale has been officially settled in court. The project’s founders Arthur and Kathleen Breitman agreed to settle the case this Friday.
As per the couple’s representative, the Tezos Foundation paid the entire $25 million settlement amount. Lead plaintiff Trigon Trading claimed that the settlement saved a lot of time for both the parties involved and the court since it mitigated the need for all the subsequent research work that would have been needed to determine the actual regulator status of Tezos’ offerings.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
US presidential election outcome could shape the future of crypto
US citizens will go to the polls to elect a new president on November 5, and their choice could be key for the future of the crypto industry and thus the price outlook for Bitcoin (BTC).
Bitcoin ETFs beat Gold ETFs with 65% gain since launch
Bitcoin ETFs have reshaped the digital asset investment landscape since their approval in January. Their total assets under management climbed over $70 billion during the weekend, placing them ahead of other investment products, including gold.
XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand
Ripple's XRP is trading at $0.5050 up slightly by 0.2% in the past 24 hours as it struggles to sustain a move above a key symmetry triangle resistance. Meanwhile, in its recently released Q3 report, Ripple noted the rising listing and relisting of XRP across crypto exchanges and global platforms.
Ethereum Price Forecast: ETH struggles below $2,500 amid State of Michigan pension fund investment in ETH ETF
Ethereum is trading near $2,420, down about 1% on Monday, but could bounce off a key descending trendline close to the $2,258 historically high demand zone. Meanwhile, the State of Michigan pension fund revealed an investment of $11 million in ETH exchange-traded funds.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.