Analyst: Moon Mission For Tezos Cryptocurrency Following Hammer Reversal

The cryptocurrency Tezos has only just come back down to Earth after spending early 2020 skyrocketing to new highs, but according to one crypto analyst, a moon mission may be next for the hyped-up altcoin following an inverted hammer reversal candle.

Cryptocurrency Refuels After Historic Crash Coronavirus Collapse

Few altcoins have had as strong of a start to the year as Tezos. A massive nearly 200% rally took the asset from a dollar and a quarter to as high as nearly $4 before the recent market collapse cut the asset down to size.

Like most other cryptocurrencies, Tezos fell by over 50% or more on the XTZUSD trading pair amid the coronavirus crisis. Traditional assets such as gold, the stock market, and more also suffered record-breaking losses.

Related Reading | Tezos Cryptocurrency May Rally to New Highs, According to Key Bullish Factors 

The collapse took Tezos price back down to a dollar – a 75% decline. But given the asset’s strength prior to the panic-induced selloff, Tezos…