📉 $XTZ /USDT 1H Analysis
$XTZ is still under bearish pressure on the 1H chart. The price is trading around $0.2284, with sellers controlling the short-term trend after a sharp decline.
🔍 What I'm watching:
• RSI at 42.63 shows weak momentum.
• MACD remains negative, suggesting bears still have the advantage.
• Price is trading below the 10 EMA/SMA, keeping the short-term trend bearish.
• Stochastic is already in the oversold zone, so a small bounce is possible if buyers step in.
🎯 Key Levels
🟢 Support: $0.2272
🔴 Resistance: $0.2325
🔴 Strong Resistance: $0.2377
As long as XTZ stays below $0.2325, I remain cautious. A break below $0.2272 could trigger another leg down, while a move back above resistance may signal a short-term recovery.
This is my personal market view based on technical analysis, not financial advice. Always use proper risk management and never trade without a stop-loss.
#XTZ #Tezos #Binance #crypto #trading
$XTZ is still under bearish pressure on the 1H chart. The price is trading around $0.2284, with sellers controlling the short-term trend after a sharp decline.
🔍 What I'm watching:
• RSI at 42.63 shows weak momentum.
• MACD remains negative, suggesting bears still have the advantage.
• Price is trading below the 10 EMA/SMA, keeping the short-term trend bearish.
• Stochastic is already in the oversold zone, so a small bounce is possible if buyers step in.
🎯 Key Levels
🟢 Support: $0.2272
🔴 Resistance: $0.2325
🔴 Strong Resistance: $0.2377
As long as XTZ stays below $0.2325, I remain cautious. A break below $0.2272 could trigger another leg down, while a move back above resistance may signal a short-term recovery.
This is my personal market view based on technical analysis, not financial advice. Always use proper risk management and never trade without a stop-loss.
#XTZ #Tezos #Binance #crypto #trading