Tezos (XTZ) is currently trading at $0.776, with a 21% weekly rally, according to recent price predictions. This surge is backed by strong volume and bullish indicators, such as the Relative Strength Index (RSI) above 65 and a bullish Supertrend signal since $0.65.
Key levels to watch are:
- *Support Levels:*
- Immediate support at $0.717, which is the recent breakout pivot and Supertrend baseline
- Stronger structural support near $0.68, aligning with the Change of Character (CHoCH) region and prior consolidation support
- *Resistance Levels:*
- $0.82-$0.83, the top of the breakout wick and the 0.236 Fibonacci retracement level
- $0.90, a significant resistance zone
- $1.03, the 0.382 Fibonacci retracement level
The recent price action has broken above the descending trendline, and the Exponential Moving Averages (EMAs) are stacked in ascending order, indicating strong trend support. Some predictions suggest Tezos could reach $1.03 in the short-to-mid term if it sustains above the $0.82-$0.85 range.