💰 #Tezos ($XTZ ) Technical Analysis

Tezos is currently at a key support level after a prolonged downtrend. The chart suggests a potential parabolic recovery, forming a rounded bottom pattern that could indicate a trend reversal.

Support Zone: $0.60 - $0.74

Resistance Levels: $1.447, $1.843, and $2.290

A strong bounce from the $0.60 - $0.74 support could trigger a breakout rally.

If $1.447 is reclaimed, we could see price acceleration toward $1.843 and $2.290.

A failure to hold above $0.60 may lead to further downside, invalidating the bullish setup.