XTZ/USDT Overview๐ธ๐๐ฅ
Current Price: $1.510, reflecting a +15.53% increase in the last 24 hours.
24h High: $1.533
24h Low: $1.291
24h Volume:๐ค
XTZ: 24.15 million
USDT: $33.78 million
Moving Averages (MA):
MA(7): $1.463
MA(25): $1.370
MA(99): $1.277
Support and Resistance:๐ต
Support: $1.291 (24h low)
Resistance: $1.533 (24h high)
Analysis:๐ธ
Tezos (XTZ) is experiencing bullish momentum, with a notable 15.53% price increase in the past 24 hours. It has broken above its 7-day and 25-day moving averages, which indicates short to medium-term positive sentiment. The 99-day MA suggests long-term support around $1.277.
Given the trading volume and recent gains, if XTZ sustains the current momentum, it may challenge the resistance around $1.533. However, a correction could bring it closer to its 7-day MA of $1.463.
Trading Strategy:๐ธ
1. Entry Point: Consider entering around $1.470-$1.480 in case of a pullback.
2. Target: Watch for a potential breakout above $1.533 for gains toward $1.55-$1.60.
3. Stop-Loss: Set a stop-loss near $1.290 to mitigate downside risk.
Conclusion:๐
XTZ/USDT is in a strong uptrend, backed by high trading volumes and breaking key moving averages. Traders should monitor resistance at $1.533, with potential further gains if the upward momentum continues.
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