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(XTZ/USDT) traded in a 24-hour range of $0.8665–$0.8936, with a 1.78% net gain from 12:00 ET–1 to 12:00 ET today.At 12:00 ET–1, Tezos (XTZUSDT) opened at $0.8764, reached a 24-hour high of $0.9002, and closed at $0.8890 at 12:00 ET. The pair traded between $0.8665 and $0.9002 during the period, with a total volume of ~1.91 million
and a notional turnover of ~$1.67 million.XTZ/USDT formed a key bullish reversal pattern as it bounced off the 15-minute $0.8730 support level. A bullish engulfing pattern appeared during the 23:45–00:00 ET window, setting the stage for a breakout above $0.8900. The $0.8900 level acted as a psychological threshold, and a sharp three-candle reversal followed the high, suggesting a potential consolidation phase ahead.
On the 15-minute chart, price closed above both the 20 and 50-period moving averages, reinforcing the short-term bullish momentum. On a daily basis, XTZ/USDT is trading above the 50 and 100-period MAs but remains below the 200-period, indicating medium-term uncertainty amid a strong overnight rally.
The MACD line crossed above zero around 00:15 ET and continued to trend upward, showing increased bullish momentum. RSI pushed into overbought territory (above 65) after the 04:00 ET candle and has since pulled back slightly. The divergence between rising price and weakening RSI suggests caution as the market may face profit-taking.
Volatility expanded significantly after 03:00 ET, pushing price toward the upper
band on the 15-minute chart. This expansion followed a period of tight consolidation around $0.8800, indicating a breakout with increased conviction. However, prolonged overbought conditions may increase the risk of a pullback.Volume spiked after the 03:00 ET candle and remained elevated as price approached the $0.9002 high, confirming the breakout. Notional turnover increased by 14.2% in the final 30 minutes of the 24-hour period, indicating active participation from traders and potential distribution pressure.
The 03:00–04:00 ET rally saw XTZ/USDT retrace 61.8% of the earlier $0.8665–$0.8911 move, setting up a potential target near $0.9000–$0.9050. If this level fails to hold, the next support zone is likely between $0.8800 and $0.8730.
XTZ/USDT appears to have completed a short-term bullish breakout, supported by strong volume and reversal patterns. The next 24 hours may see increased pressure to consolidate near $0.8800–$0.8900. Traders should watch for potential overbought divergence and a breakdown below $0.8750 as key risks.
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