🚀 $XTZ
/USDT Technical Analysis – 2025 January 1st 🚀
🔹 Current Price: $1.352
🔹 24H Change: +5.13%
XTZ (Tezos) has been showing bullish momentum recently, breaking above key resistance levels and presenting potential opportunities for traders. Here's a closer look at the technical outlook and potential targets for XTZ/USDT in the coming days. 🎯
1️⃣ First Target: $1.37
Why: XTZ is currently trading near its recent highs around $1.357, and a retest of this resistance level is possible. A break above this level could push the price to $1.37, where additional resistance is likely to form. This level also aligns with previous support-turned-resistance zones, making it a critical point for price action.
2️⃣ Second Target: $1.42
Why: A breakout above $1.37 would open the path to the $1.42 area. This is the next significant resistance zone, backed by historical price action and Fibonacci retracement levels. Traders should watch for any bullish continuation patterns, such as a breakout or consolidation above $1.37, for confirmation.
3️⃣ Third Target: $1.50
Why: If bullish momentum persists, XTZ could potentially reach the $1.50 psychological resistance level. This level represents a strong target as it aligns with key supply zones and could act as a final resistance before a possible retracement or correction. Traders will want to monitor volume and momentum for any signs of exhaustion near this area.
Conclusion:
The current bullish trend for XTZ/USDT looks promising, with key levels to watch in the near term. Keep an eye on $1.37 for confirmation of further upward movement, followed by $1.42 and $1.50 as the next potential targets. Always use proper risk management strategies to navigate any volatility that may arise!
Happy trading! 🚀 #XTZ #Tezos #Binance #CryptoAnalysis #TargetLevels