Market Overview: Tezos (XTZUSDT) 24-Hour Technical Summary

• Tezos (XTZUSDT) traded in a 24-hour range of $0.8073–$0.8763, closing 5.2% lower after a bearish breakdown from key support.
• Momentum diverged with bearish RSI and MACD divergence, indicating exhaustion in the short-term downtrend.
• Volatility surged post-overnight lows, with heavy volume clustering near the $0.81–$0.82 range.
• A potential 61.8% Fibonacci retracement target appears at $0.8035 if the current bear wave continues.
• Price remains within a descending channel on the daily chart, with the 200SMA acting as a key long-term resistance.

Market Overview

Tezos (XTZUSDT) opened at $0.8726 on 2025-08-17 at 12:00 ET, peaked at $0.8763, and closed at $0.8166 by 12:00 ET on 2025-08-18. The 24-hour period saw heavy volume of 880,476.0 units and a total turnover of approximately $716,059. The price action displayed clear bearish exhaustion.

Structure & Formations

The price broke below the critical $0.82 support level during the early hours, confirming a bearish bias. A large bearish engulfing pattern formed near $0.8262, followed by a long bearish candle at $0.8166 that closed near the low. Key support levels at $0.815 and $0.805 are now in focus, with the 0.618 Fibonacci retracement of the recent bullish leg pointing to $0.8035.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a steep downward slope, with price trading well below both. The daily chart shows XTZUSDT well beneath the 50SMA, 100SMA, and 200SMA, reinforcing the longer-term bearish bias. A retest of the 200SMA at approximately $0.85 would signal a potential reversal, but that appears unlikely in the near term.

MACD & RSI

The RSI has entered oversold territory below 30, indicating potential near-term reversal, though bearish momentum remains intact due to diverging price and oscillator behavior. The MACD line has turned negative and remains below the signal line, with bearish histogram bars expanding after the breakdown below $0.825. This divergence suggests momentum remains on the downside.

Bollinger Bands

Volatility expanded significantly as price fell toward the lower Bollinger band in the 02:00–06:00 ET window. The current price of $0.8166 is near the lower band again, suggesting a potential bounce or consolidation phase. A sustained close above the middle band could indicate a short-term rebound, but bearish control seems to have strengthened.

Volume & Turnover

Volume surged at key breakdown levels, with a 15-minute candle at 03:30 ET showing 138,085.6 units traded at $0.8207–$0.8228. This suggests accumulation by bears near critical support. Total volume and turnover were aligned with the downward move, indicating no signs of distribution or divergence. The largest single turnover spike occurred at $0.85–$0.86 as the price reversed lower.

Fibonacci Retracements

Applying Fibonacci to the recent bearish move from $0.8615 to $0.8086, the 38.2% retracement is at $0.8330 and the 61.8% at $0.8035. The price may find support near $0.8050 and resistance at $0.8250 before testing the 61.8% level. The next few hours will be crucial in determining whether this level holds or fails.

XTZUSDT appears to be in a bearish phase, with technical indicators and price action aligning on the downside. A test of $0.8035 is likely if the bearish momentum continues, but short-term bounces around $0.8150 cannot be ruled out. Investors should watch for volume divergence or a rejection of the 61.8% level as potential reversal signals, though risk remains skewed to the downside in the near term.