Tezos Market Overview: Intraday Rebound with Strong Late-Buying Pressure

• Tezos (XTZ/USDT) declined 24-hour lows near $0.7532 before rebounding to $0.7861.
• Momentum shifted from bearish to bullish in the last 6 hours, ending on a positive candle.
• Volatility expanded significantly, with Bollinger bands widening in the final session.
• Volume spiked in the final 4.5 hours, signaling potential short-term strength.
• Key support at $0.7532 and resistance at $0.7775 defined intra-day range action.

Market Overview

Tezos (XTZ/USDT) opened at $0.7755 on 2025-08-05 12:00 ET, fell to a low of $0.7532, and closed at $0.7861 on 2025-08-06 12:00 ET. Total 24-hour volume stood at 3,117,308.1 units with $2,421,540.7 turnover. A late surge in buying pressure suggests a potential shift in sentiment, though bearish retracements remain a near-term risk.

Structure & Formations

The 15-minute chart shows a key bearish breakdown below $0.7638, followed by a strong bullish reversal after 2025-08-06 14:00 ET. A bullish engulfing pattern formed between 04:45 and 05:00 ET as the asset surged from $0.7517 to $0.7509 before a sharp rebound. The $0.7532 level acted as a strong support, holding on multiple tests, with a 61.8% Fibonacci retracement at this level reinforcing its significance.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly early in the session before flipping to bullish crossovers after 2025-08-06 14:00 ET. On the daily chart, XTZ remains below the 50, 100, and 200-period moving averages, suggesting medium-term bearish bias, though short-term momentum indicators suggest a potential reversal.

MACD & RSI

The MACD turned bullish in the final 4.5 hours of the session, with a histogram expansion indicating growing momentum. RSI bottomed at 30 (oversold) around $0.7532 before rising to 52 at close, signaling a potential bounce. While overbought conditions have not yet been reached, the RSI divergence between price and momentum could indicate a pullback is in the offing.

Bollinger Bands

Bollinger bands widened significantly in the latter half of the session, particularly after 2025-08-06 15:00 ET, as the price broke out of a consolidation range. The final candle closed near the upper band, suggesting short-term bullish momentum. The band contraction earlier in the session indicated a period of low volatility, which resolved into a strong breakout.

Volume & Turnover

Volume was low early in the session but spiked to over 99,397.4 units between 10:45 and 11:00 ET. Turnover also increased during this period, aligning with the price breakout. The divergence between low volume and high turnover in the last hour suggests possible order-block accumulation, which may support further upward movement, though confirmation is needed.

Fibonacci Retracements

A major bullish swing from the $0.7532 low to the $0.7861 high created a 38.2% retracement at $0.7742 and a 61.8% retracement at $0.7642. The price currently sits near $0.7861, above the 38.2% level, indicating that buyers are showing control after a significant correction. A breakdown below $0.7642 would trigger further bearish pressure.

Looking ahead, Tezos faces a critical test above $0.7805. A sustained close above this level may indicate a short-term reversal from oversold conditions. However, given the elevated volatility and mixed momentum readings, traders should remain cautious of a potential pullback or consolidation.