The trading chart for $XTZ /USDT on Binance reveals a notable uptick in Tezos’ price action, with the current value at 0.8409 USDT (Rs238.39), marking a 6.50% gain in the past 24 hours. This price movement places XTZ near its 24-hour high of 0.8412 USDT, showing strong bullish momentum. The 24-hour low of 0.7797 USDT highlights the range of volatility seen in the short term, suggesting heightened market interest or possible reaction to broader crypto market dynamics. A trading volume of 2.48 million XTZ and 2.02 million USDT further underscores active participation, likely driven by traders responding to recent market shifts or speculative interest.
From a technical perspective, the moving averages provide insight into the underlying trend. The 7-day moving average (MA) stands at 0.8286, the 25-day at 0.8133, and the 99-day at 0.8214. The fact that the current price is above all these averages indicates a bullish trend in both the short and longer-term outlooks. The upward crossover of shorter MAs over longer ones often signals positive momentum, which may attract more buying interest if sustained. Overall, the combination of increasing price, strong volume, and favorable technical indicators positions XTZ as a token worth monitoring in the near term.