Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Tezos has been largely dormant in the markets since the month of September. While Etheruem’s surge past $1,000 in early January sparked some life into Tezos, it was still not enough for XTZ to break past the $2.8-barrier. It should be noted, however, that the past few days did see XTZ break out of the range and establish an uptrend on the charts.
Tezos 12-hour chart
Source: XTZ/USD on TradingView
Tezos has traded within the range (orange) of $1.9 to $2.42 s