Tezos/Tether (XTZUSDT) 24-Hour Market Overview

• XTZ/USDT traded in a volatile 24-hour range with a late rally, hitting 0.7925 before retreating to close near 0.7831.
• Momentum diverged slightly after a strong RSI bounce above 60, suggesting possible consolidation ahead.
• Volume spiked during key 15-minute moves, confirming sharp price swings but showing divergence from later price weakness.
• Bollinger Bands showed a recent expansion, indicating rising volatility, with price hovering near the upper band.
• Fibonacci retracement levels aligned with key resistance near 0.786–0.788, and support at 0.779–0.781 for potential pivots.

Price and Volume Summary

Tezos/Tether (XTZUSDT) opened at 0.7635 on 2025-09-17 at 12:00 ET, reached a high of 0.7925, and closed at 0.7831 by 12:00 ET on 2025-09-18. The 24-hour volume totaled 1,375,568.01 XTZ, with a notional turnover of approximately $1,067,666. The pair exhibited strong intraday volatility amid shifting momentum and key support/resistance dynamics.

Structure and Formations

XTZ/USDT formed a bullish engulfing pattern during the 19:45–20:00 ET hour, signaling short-term buying pressure. A shooting star pattern followed at 20:30–20:45 ET, hinting at bearish reversal. Key support levels emerged at 0.7794 (low) and 0.7803, while resistance formed around 0.7841–0.7881. A bullish flag pattern between 0.779 and 0.786 suggests a potential breakout to the upside.

Moving Averages and Indicators

The 15-minute chart showed the price above the 20SMA (0.7825) and 50SMA (0.7817), suggesting near-term bullish bias. On the daily chart, XTZ/USDT closed just above the 50DMA but below the 200DMA, indicating a neutral-to-bullish setup for longer-term traders. MACD crossed into positive territory after 19:00 ET, with a bearish divergence developing in the 00:00–01:00 ET timeframe. The RSI reached 61.8 during the late rally, but failed to close above 60, hinting at temporary overbought conditions.

Bollinger Bands expanded as the pair rallied, with price touching the upper band during the 20:00–21:00 ET period. A contraction phase followed, signaling potential consolidation before a breakout. Price remained within the 0.7794–0.7881 range for most of the session, with volatility increasing as the 0.7885 level was tested.

Volume and Turnover Divergence

Volume spiked during the late 19:00–21:00 ET rally, with a turnover of ~$119,000 during the 19:30–19:45 ET 15-minute candle. This confirmed the bullish move. However, subsequent price pullbacks occurred on lower volume, indicating weaker follow-through and potential short-term exhaustion. Divergence between volume and price action was observed around 00:00–01:00 ET, raising questions about the strength of the bearish move.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.7794–0.7925 swing showed key levels at 0.7834 (38.2%), 0.7870 (50%), and 0.7897 (61.8%). Price tested the 50% level twice before settling near the 38.2% level. On the daily chart, the 0.7794–0.7881 range corresponds to 38.2% and 61.8% retracement levels of a prior 20-day swing. These levels may act as immediate support and resistance for the next 24–48 hours.

Backtest Hypothesis

Backtesting a strategy that enters long on a bullish engulfing pattern confirmation, with a stop-loss at the previous swing low, and a target at the 61.8% Fibonacci level would have captured the 19:45–20:00 ET rally. However, the subsequent bearish divergence and volume weakness suggest that a trailing stop or profit-taking at the 50% level might have been more effective in managing risk. Given the current price hovering near 38.2% retracement and the 15-minute MACD divergence, this strategy would likely favor tighter stop-loss parameters and a more conservative target in the next 24 hours.