Market Overview for Tezos/Tether (XTZUSDT) – 24-Hour Summary

• Price surged from 0.6506 to 0.6955 on elevated volume, forming bullish momentum.
• RSI approached overbought territory while MACD signaled strong positive divergence.
• Bollinger Bands showed volatility expansion during the late ET session.
• Key resistance appears at 0.6921–0.6938; support is found at 0.6857–0.6860.
• Volume increased significantly during the final 6 hours, confirming the rally.

The Tezos/Tether pair (XTZUSDT) opened at 0.6506 on 2025-09-30 12:00 ET and closed at 0.6945 on 2025-10-01 12:00 ET, reaching a high of 0.6955 and a low of 0.6496. Total volume across the 24-hour period was 1,026,908.3, with notional turnover amounting to 690,217.9. The pair exhibited a strong bullish bias over the last 24 hours.

Structure & Formations

Price action showed a distinct bullish trend, particularly from 19:45 ET to 16:00 ET the following day. A clear bullish engulfing pattern formed around 19:45 ET (0.6578–0.663), which was followed by a continuation of the upward move. A doji appeared at 23:45 ET (0.6652), signaling a momentary pause in the rally. Key support levels observed include 0.6857 and 0.6860, while resistance formed at 0.6921 and 0.6938.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA showed a bullish crossover early in the session, reinforcing the upward bias. The 50EMA crossed above the 100EMA and 200EMA during the 02:30–06:00 ET period, confirming a strong bear-to-bull shift. By 10:00 ET, the 50EMA and 100EMA were aligned above the 200EMA, indicating a strong multi-timeframe bullish signal.

MACD & RSI

The MACD crossed above the signal line during the 03:30–04:30 ET timeframe, with a strong positive divergence observed. RSI approached overbought territory (above 70) by 09:45 ET, indicating potential exhaustion in the upward move. However, the RSI did not fail to retest the overbought zone, suggesting strong buyer participation. Divergence between MACD and RSI remains minimal, indicating aligned momentum.

Bollinger Bands

Volatility expanded significantly during the final 6 hours of the session, with the upper band reaching 0.6955. Price remained within the upper and lower bands during the majority of the session, except for a brief close above the upper band near the end. This suggests that the rally was broad-based and not driven by a sudden spike in volatility, but rather by sustained bullish momentum.

Volume & Turnover

Volume spiked during the 08:45–09:45 ET and 15:45–16:00 ET periods, aligning with price highs. Notional turnover surged alongside volume, indicating confirmation of the price action. However, a minor divergence appeared during 11:30–12:00 ET when volume dipped slightly despite a price high, suggesting caution in near-term continuation.

Fibonacci Retracements

Fibonacci levels applied to the key 15-minute swing (0.6506 to 0.6955) showed the 0.6891 level aligning with the 61.8% retracement, which held as a minor support. The 38.2% retracement at 0.6857 also acted as a key support during the 06:00–09:00 ET period. On the daily chart, the 0.675 level (38.2% retracement of the prior week’s move) appears as a potential barrier for further downside.

Backtest Hypothesis

A potential backtest strategy could leverage the bullish engulfing pattern observed at 19:45 ET, combined with a crossover of the 20SMA and 50SMA. A long entry could have been triggered at 0.663 with a stop-loss placed below 0.6606 (the low of the engulfing candle) and a target aligned with the 61.8% Fibonacci level at 0.6891. The strategy would also include a trailing stop at 0.6857 to capture momentum while minimizing drawdowns. Given the MACD and RSI alignment, this setup could have yielded positive returns, especially if held through the 08:45–10:00 ET volatility spikes.