Tezos prediction as price makes slow but sure gains

• Tezos’ Blockchain-Enabled Voting System Electis Is Taking Headlines

• Native token XTZ surged 8% over the past week.

• Tezos Continues Clear Upward Trend, Capable of Capping Price Rise

Tezos XTZ/USD was not the top mover last week. However, he is one of the stocks that has managed to gain at least 8% in 7 days and stay on the rise. Expectations for the growing utility of blockchain’s native tokens have sparked a surge.

Tezos hasn’t had any significant news lately. But there is growing optimism about Electis, a blockchain electronic voting system. Encrypted, fully anonymous, blockchain-enabled electronic voting systems are widely adopted. Over 20,000 votes have used this voting system since its inception.

Recently, on July 15th, Electis announced that three UN agencies have started using the voting system. Organizations include YONGO, DG7 Youth Constituency, and Women and Gender Constituency. This adoption solidifies Tezos as the blockchain of the future. There are many use cases to consider, but these positive developments could boost profits.

Tezos Maintains Clear Uptrend Above Support

Source TradingView

From a technical perspective, Tezos is trading above the $1.6 support zone. The token is rising from the 21-day moving average. This token is also backed by a 50-day moving average. The MACD indicator shows that bullish momentum is building.

We expect Tezos’ current bullish momentum to sustain. A short correction to support is still possible and offers a buying opportunity. The token will face resistance at $2.2. If the level is successfully cleared, the next zone to watch is $2.9.

in conclusion

Tezos Token is trending higher after regaining support at $1.6. The token will rise to $2.2 and face significant resistance. Investors should take advantage of the short-term retracement.