Tezos (XTZUSDT) Market Overview

• Price action on XTZUSDT showed a bearish bias with a 4.5% decline over 24 hours.
• Key support levels at 0.785–0.786 and 0.777 appeared critical during sharp selloffs.
• High volume at 0.7851–0.7862 suggests accumulation or capitulation, with diverging price and turnover patterns.
• RSI and MACD signaled weakening momentum, consistent with oversold conditions near close.
• Volatility expanded after 19:00 ET, with price breaking below 0.79 before stabilizing.

Market Overview

Tezos (XTZUSDT) opened at $0.8031 on 2025-08-19 12:00 ET, reaching a high of $0.8065 and falling to a low of $0.7773 before closing at $0.7882 on 2025-08-20 12:00 ET. Total volume across the 24-hour window was 1,007,046.8 and total turnover was $784,522.12.

Structure & Formations

XTZUSDT displayed a strong bearish bias throughout the day, with a broad downward trend forming after a failed attempt to retest previous resistance near 0.792–0.795. A key 15-minute bearish engulfing pattern appeared at 0.7962–0.7942 (19:00 ET), signaling a shift in sentiment. A doji formed at 0.7881–0.7862 (23:45 ET), suggesting short-term uncertainty and a possible near-term pause in the decline. The 0.785–0.786 level emerged as a strong support, with price bouncing off this range on multiple occasions.

Moving Averages

Short-term 15-minute MA lines (20/50) sloped downward, reflecting sustained bearish momentum. Daily MAs (50/100/200) were not provided, but based on trend strength, it is likely the price is trading below the 50- and 200-day MAs, reinforcing a bearish bias.

MACD & RSI

The RSI approached oversold territory near close, hovering around 30–32, suggesting potential for a short-term bounce or consolidation. MACD remained in negative territory with a flattening histogram, indicating waning bearish momentum but no strong reversal signal.

Bollinger Bands

Volatility expanded sharply after 19:00 ET, with price moving well below the lower band. By the close, price was near the lower band again, indicating a potential near-term low but not yet reaching ultra-oversold levels.

Volume & Turnover

Volume surged near 0.7851–0.7862 (00:15–00:30 ET) with a turnover of $13.2 million, suggesting either capitulation or accumulation. However, price failed to hold above 0.7885, indicating bearish pressure. Divergence was noted between volume and price during the final 2 hours, with falling prices and lower volume suggesting potential exhaustion of the sell-off.

Fibonacci Retracements

A 61.8% retracement level from the 0.8031–0.7773 move came in at 0.7878, which aligned closely with price action near 0.7882. This suggests that XTZUSDT found support at a key Fibonacci level, potentially offering a short-term floor.

In the next 24 hours, XTZUSDT may consolidate near 0.785–0.7882 or test the next support at 0.777–0.778. A break below 0.785 could reignite bearish momentum, but buyers appear active near that level. Investors should monitor volume and MACD divergence for signs of a reversal or continuation.