XTZUSDT Fibonacci Retest and Rebound Potential: Is Tezos Ready?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.
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