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(XTZUSDT) declined over 7% in 24 hours amid bearish momentum and bearish reversal patterns.
• A key support level appears to be forming around $0.815–0.820 with rising volume.
• RSI and MACD signal overbought conditions are absent; price may continue consolidation.
• Volatility remained elevated during the session, with volume increasing toward the close.
• A Fibonacci retracement level at $0.826 may provide a near-term psychological floor.
Structure & Formations
Tezos (XTZUSDT) opened the 24-hour window at $0.8472 and traded in a broad bearish trend, forming a series of lower highs and lower lows. A bearish engulfing pattern appeared at $0.8406–0.8331, followed by a deep consolidation phase after hitting a session low of $0.8101. A potential key support level formed at $0.8134–0.8154, marked by a large bearish candle and a subsequent bounce. No significant bullish reversal patterns emerged, though a long lower shadow at $0.8101–0.8127 suggested a possible short-term floor.
Moving Averages
On the 15-minute chart, XTZUSDT closed below both the 20-period and 50-period EMAs, indicating bearish bias in short-term momentum. The 50-period MA at ~$0.839 and 20-period at ~$0.836 suggest price is trending below the mean, reinforcing bearish momentum. On the daily chart, the asset closed below the 50-day, 100-day, and 200-day moving averages, consistent with a medium-term bearish trend.
MACD & RSI
The 15-minute MACD remained in negative territory for most of the session, with the histogram declining as bearish momentum increased. RSI briefly dipped below 30 during the late afternoon, suggesting oversold conditions may be emerging. However, this did not trigger a strong rebound. Overall, RSI hovered between 30–45, signaling a period of consolidation after the sharp selloff. The MACD crossover at ~$0.830–0.825 suggested a possible shift in balance.
Bollinger Bands
Volatility remained elevated throughout the session, particularly after 15:00 ET. XTZUSDT traded near the lower band from ~$0.815 to $0.810, with a sharp contraction observed just before the close. The bands have widened on the 15-minute chart in the final hour, suggesting potential for a breakout or reversal in the near term. Price remains at the lower end of the 20-period
range, indicating oversold conditions.
Volume & Turnover
Volume increased significantly as the price dropped into the $0.810–0.820 range, with the most active 15-minute candle seeing 115,463.4 volume. Total 24-hour volume amounted to ~1,622,387.5, and total turnover was ~$1,347,110.2. The volume surged after the 15:30 ET time frame, coinciding with the breakdown below $0.820. Price and volume appear to confirm the bearish move, with no clear divergence noted.
Fibonacci Retracements
Applying Fibonacci to the recent swing high at $0.8521 and low at $0.8101, the 38.2% retracement level is at $0.8349 and the 61.8% is at $0.8264. Price is currently consolidating near the 61.8% level, suggesting a potential support cluster. A break below $0.8264 could target $0.8175 (78.6%) or even the recent intraday low at $0.8101. The 38.2% level appears to have been tested but failed to hold.
XTZUSDT may find near-term direction in the coming 24 hours depending on whether it holds above $0.820 or breaks below it. If volume remains high at the lower end of the range, a rebound could be expected, but a break below $0.810 could accelerate the decline. Investors should monitor the 61.8% Fib level and watch for a potential bullish reversal pattern or confirmation of a bearish trend continuation.
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