$XTZ /USDT Showing Sideways Movement with Slight Bullish Pressure
Hey everyone,
Here's the latest update on the $XTZ /USDT chart. The current price of Tezos is at $0.554, showing a slight increase of +0.91% recently.
Looking at the last 24 hours, XTZ has ranged from a Low of $0.533 to a High of $0.563. The 24h Volume stands at 5.72M XTZ, which translates to 3.15M in USDT.
The chart indicates that XTZ has been trading in a relatively tight sideways range over the past day. However, the more recent price action shows some green candles forming, suggesting a slight upward pressure and potential bullish momentum building.
Traders will be watching to see if XTZ can break above the recent high of $0.563. If it does, we might see a move towards higher resistance levels. On the downside, the $0.533 level remains a key support to watch.
Key points to observe:
Resistance: The 24-hour high of $0.563 is the immediate resistance to watch.
Support: The 24-hour low of $0.533 is the key support level.
Momentum: There's a slight indication of building bullish momentum in the short term.
What are your thoughts on Tezos's current movement? Do you anticipate a breakout from this range soon, or will the sideways action continue? Share your analysis!
