- Tezos price saved at the lower trend line of a symmetrical triangle as bearish momentum envelops the cryptocurrency market.
- XTZ volume profile spotlights distribution during the triangle formation, showing a risk-averse investor base.
- McLaren Racing announces that Tezos will be their Official Technical Partner.
Tezos price has caught a bid today on the McLaren news, bouncing from the symmetrical triangle’s lower trend line, but the gain has not shifted the bearish bias of the charts. XTZ still has several technical hurdles to overcome before entertaining a more positive outlook.
New technical partnership focused on sustainability through innovation
McLaren Racing selected Tezos as the team’s official technical partner in a multi-year partnership encompassing the Formula One, INDYCAR and esports divisions.
We are excited to welcome @Tezos, the world’s most advanced blockchain, as our Official Technical Partner.
McLaren will use the energy efficient and upgradeable Tezos network to create a series of non-fungible tokens (NFT) across F1, INDYCAR and esports.
— McLaren (@McLarenF1) June 17, 2021
