Detailed Analysis of XTZ/USDT Chart (Daily Timeframe):
The XTZUSDT pair (Tezos vs USDT) has shown strong momentum following a breakout above previous support zones, with a sharp rally toward $1.17 before retracing.
Currently, the price is testing the Fibonacci Retracement levels, specifically the 0.5 ($0.8877) and 0.618 ($0.7998) zones — which also align with a key previous demand zone. This zone is critical for determining the next directional move.
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🟢 Bullish Scenario:
If the price holds above the $0.80–$0.88 zone (Fibonacci support area), this could confirm a valid breakout retest.
Potential upside targets include:
$1.0379 (minor resistance)
$1.1721 (recent local high)
Further targets: $1.5090 – $1.7942, and potentially the major high at $1.9081.
This structure may form a bullish continuation pattern, especially if supported by volume.
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🔴 Bearish Scenario:
A breakdown below $0.7998 may trigger further selling pressure toward $0.70 – $0.65.
A deeper retracement could take price back into the previous accumulation zone between $0.55 – $0.50.
Failure to hold the Fibonacci levels may confirm a bull trap, invalidating the recent breakout.
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📌 Pattern Insights:
The current price action resembles a Bullish Flag / Retest Structure.
The 0.5–0.618 Fibonacci levels serve as a key confluence area for potential trend continuation.
This is a common setup before a major upside move — if the support holds.
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Conclusion: XTZ is at a decisive moment. As long as the price stays above $0.80, the bullish trend remains intact. However, a drop below could shift momentum back to the bears. Traders should watch this zone closely for confirmation.
#XTZUSDT #Tezos #CryptoAnalysis #AltcoinSeason #FibonacciRetracement #BreakoutRetest #TechnicalAnalysis #CryptoTrading #BullishScenario #BearishScenario
The XTZUSDT pair (Tezos vs USDT) has shown strong momentum following a breakout above previous support zones, with a sharp rally toward $1.17 before retracing.
Currently, the price is testing the Fibonacci Retracement levels, specifically the 0.5 ($0.8877) and 0.618 ($0.7998) zones — which also align with a key previous demand zone. This zone is critical for determining the next directional move.
---
🟢 Bullish Scenario:
If the price holds above the $0.80–$0.88 zone (Fibonacci support area), this could confirm a valid breakout retest.
Potential upside targets include:
$1.0379 (minor resistance)
$1.1721 (recent local high)
Further targets: $1.5090 – $1.7942, and potentially the major high at $1.9081.
This structure may form a bullish continuation pattern, especially if supported by volume.
---
🔴 Bearish Scenario:
A breakdown below $0.7998 may trigger further selling pressure toward $0.70 – $0.65.
A deeper retracement could take price back into the previous accumulation zone between $0.55 – $0.50.
Failure to hold the Fibonacci levels may confirm a bull trap, invalidating the recent breakout.
---
📌 Pattern Insights:
The current price action resembles a Bullish Flag / Retest Structure.
The 0.5–0.618 Fibonacci levels serve as a key confluence area for potential trend continuation.
This is a common setup before a major upside move — if the support holds.
---
Conclusion: XTZ is at a decisive moment. As long as the price stays above $0.80, the bullish trend remains intact. However, a drop below could shift momentum back to the bears. Traders should watch this zone closely for confirmation.
#XTZUSDT #Tezos #CryptoAnalysis #AltcoinSeason #FibonacciRetracement #BreakoutRetest #TechnicalAnalysis #CryptoTrading #BullishScenario #BearishScenario
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.