Market Overview for Tezos/Tether (XTZUSDT) on 2025-12-29

Summary
• Price surged above 0.5000 from 0.4945, forming a bullish engulfing pattern near key support.
• Momentum accelerated with MACD turning positive and RSI rising into neutral territory.
• Volatility expanded as Bollinger Bands widened, with price consolidating near the upper band.
• Volume surged in overnight Asian hours, confirming strength in the breakout above 0.5000.
• Fibonacci 61.8% retracement at 0.5005 now acts as dynamic support, with 0.4936–0.4950 as key near-term level.

The 24-hour period for XTZUSDT saw the pair open at 0.4945 and close at 0.5012 at 12:00 ET, reaching a high of 0.5130 and a low of 0.4857. Total volume amounted to 556,744.8 and notional turnover reached 269,381.49 USD. The price action displayed a clear bullish bias, with a strong consolidation above 0.5000 following a significant volume spike overnight.

Structure & Formations

A bullish engulfing pattern emerged as price reversed from the 0.4945 support level, confirming a short-covering rally. The move above 0.5000 marked a breakout from a descending triangle on the 5-minute chart, suggesting further upside potential. A key resistance appears at 0.5075–0.5100, with 0.5036–0.5050 acting as immediate support.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA crossed to the upside, reinforcing the bullish momentum. Daily moving averages (50/100/200) remain in a bullish alignment, with XTZUSDT trading above its 200-period average. This suggests the longer-term trend remains intact.

MACD & RSI

The MACD turned positive and expanded, reflecting strengthening buying pressure. RSI rose into neutral territory at 56, up from oversold levels early in the session. While not overbought, the indicator suggests momentum could continue but may face resistance if the pair approaches 0.5130 again.

Bollinger Bands

Volatility expanded as the bands widened to 0.0095, with price consolidating near the upper band at 0.5025–0.5030. This suggests a period of consolidation following the breakout, with potential for a test of the upper band again if buying pressure resumes.

Volume & Turnover

Volume spiked significantly between 04:45–05:00 UTC, coinciding with a break above 0.5000. Notional turnover also surged during that period, confirming the move’s legitimacy. Divergences were not observed, and volume continued to support the bullish trend through the morning hours.

Fibonacci Retracements

The 61.8% retracement level at 0.5005 was quickly converted into support following the breakout. The 50% retracement at 0.4993 is now acting as a key psychological level. A retest of the 38.2% level at 0.4975 could be a possible next move if a pullback materializes.

Looking ahead, XTZUSDT may consolidate near 0.5010–0.5030 before testing key resistance at 0.5075–0.5100. Traders should monitor volume behavior and RSI to confirm the sustainability of the rally. Risks include a potential pullback if volume fails to confirm further gains or if price closes below 0.4980, triggering short-term bearish momentum.