Tezos (XTZ) is showing signs of a potential bullish reversal as its weekly chart reveals an Expanding Broadening Bottom pattern. This technical structure, characterized by higher peaks and lower troughs, suggests a shift in market dynamics as buyers begin to accumulate. XTZ has endured an 82% decline from its late 2024 highs but has recently held steady, showing a 30-day positive performance despite a broader 90-day loss of 34%.
The pattern's key elements include an upper resistance trendline, which capped XTZ's rally near $1.9100, and a lower support trendline, where price recently found support at $0.3344. A reclaim of the 25-week moving average has historically triggered significant rallies, and XTZ's current trading at $0.3682 suggests buyers are stepping in. A sustained close above the 50-week moving average at $0.4461 could confirm a bullish shift, targeting $0.6390, $1.2200, and potentially $2.4715 if the pattern fully plays out.
Tezos (XTZ) Signals Potential Reversal with Expanding Broadening Bottom Pattern
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