Hello cryptospace, today I'm gonna share my idea about tezos final consolidation. As we can see on daily chart that $XTZ all time high was around $12 on Dec' 17. So from my point of view the biggest problem with $XTZ is its inability to generate a new ATH since 2019. But if we take a look back, Since Jan'22 low, we can see bearish divergence indicator as $XTZ capability to maintain its higher low as seen in both rsi divergence and obv oscillator. So I'm expecting $XTZ final rally could only make a lower high compared to Oct' 21 high. Finally, a healthy correction will likely take place which sub $2 could be the worst scenario.
This is not a financial advise, so do your own due dilligence before you make your own decision.
This is not a financial advise, so do your own due dilligence before you make your own decision.