Technical Analysis for XTZUSD for 1st April 2022
Tezos Recoils from March 2022 highs after Surging 14% from 2022 lows
Past Performance of XTZ
Tezos buyers are relatively firm when writing as per the candlestick arrangement in the daily chart. In the previous week of trading, XTZ is up 10 percent versus the USDT as buyers step into a bull trend continuation pattern. With traders optimistic and XTZ prices in a bullish breakout pattern, there could be more headroom for Tezos bulls in the near to medium term if prices are maintained above $3.5.
Tezos Technical Analysis
What to Expect of XTZ
Tezos is trading in a bullish breakout above the descending wedge. Still, the uptrend will be invalidated if the XTZ price drops below $3.5.
Resistance level to watch: $4.5k
Support level to watch: $3.5k
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