Tezos Spikes 30% in 4 Days With Strong Fundamentals, What’s Really Behind the Rally?

As talk of a return to alt season takes hold, Tezos demonstrates why. Since November 2019, XTZ has been in an upward trend, having gained 150% during that time.Moreover, as resistance (at $1.90) was broken with a recent spike up, analysts are optimistic about a further run-up from here on out. Especially so considering a lack of resistance having bested its previous all-time high of $1.94.Tezos price since its launch on Sept 18. (Source: tradingview.com)Tezos Performance Impresses With Strong TechnicalsTezos has been in sparkling form of late, having posted strong gains throughout February. But today sees a slight dip to $1.98 at the time of writing.All the same, Ionescu Doru HODL, who began charting Tezos’ break since November 2019, today tweeted a new chart. His latest chart shows a breakout from a descending channel, with price sitting significantly higher than a crossed 50-day and 200-day moving average.

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