Technical Analysis on XTZ/USDT – Key Levels and Targets 🎯
📈 Current Price: $0.970
🚀 24h Change: +21.86%
🔴 24h Low: $0.773
🔵 24h High: $0.980
The XTZ/USDT pair has been in a solid uptrend, showing impressive bullish momentum in the last 24 hours. With a clear breakout above key resistance, we’re seeing higher highs and higher lows, indicating a continuation of the bullish trend.
Key Levels & Targets for XTZ/USDT:
1. Target 1: $0.991
Rationale: The first major resistance is at $0.991, which is just below the 24-hour high. A break above this level could trigger further upward movement as it clears the recent high, confirming continued bullish momentum.
2. Target 2: $1.050
Rationale: The next significant resistance lies at $1.050. If the price manages to hold above $0.991, we expect a push towards $1.050, where previous price action has faced rejection. A strong breakout here could signal the start of a new bullish phase.
3. Target 3: $1.100
Rationale: A final target for the more aggressive traders is $1.100. This level has historically acted as a psychological resistance point. A close above $1.100 would confirm a breakout of the upper range, potentially driving price action even further.
Support Levels:
$0.843 (SAR): The current Stop and Reverse (SAR) value at $0.843 serves as a key support level. If price retraces, this will be an important level to watch for potential support and a bounce.
Trend Analysis:
The overall trend remains bullish as long as the price holds above the $0.843 support level. A retest and rebound from this area could fuel another wave of buying pressure.
