Tezos (XTZ) Surges 3.9% as Bulls Target $0.87 Resistance Level
The post Tezos (XTZ) Surges 3.9% as Bulls Target $0.87 Resistance Level appeared on BitcoinEthereumNews.com.
Timothy Morano
Sep 12, 2025 15:31
XTZ price climbs to $0.76 with bullish momentum emerging on technical indicators. Key resistance at $0.87 could determine next major move for Tezos traders.
Quick Take • XTZ currently trading at $0.76 (+3.9% in 24h) • Tezos MACD histogram shows bullish momentum building • XTZ RSI sits in neutral territory at 50.85, leaving room for upward movement • No significant news catalysts in past week, price action driven by technical factors What’s Driving Tezos Price Today? With no significant news events impacting Tezos over the past seven days, the current XTZ price movement appears to be driven primarily by technical factors and broader market sentiment. The 3.9% daily gain represents a recovery from recent lows, with the XTZ/USDT pair finding support above the $0.73 level. The absence of major fundamental catalysts suggests that traders are focusing on chart patterns and technical indicators to guide their Tezos positions. This technical-driven rally has pushed XTZ price above several key moving averages, signaling a potential shift in short-term momentum. Trading volume on Binance spot market reached $4.8 million over the past 24 hours, indicating moderate interest in the current price action. This volume level, while not exceptionally high, provides sufficient liquidity for the observed price movements. XTZ Technical Analysis: Bullish Signals Emerge The most compelling signal for Tezos comes from the MACD indicator, where the histogram has turned positive at 0.0051, suggesting bullish momentum is building despite the MACD line remaining below the signal line. This divergence often precedes stronger upward moves in XTZ price. Tezos technical analysis reveals the asset trading above its 7-day and 20-day simple moving averages at $0.73 and $0.74 respectively. However, XTZ remains below the 50-day SMA at $0.80, which represents a critical resistance…
Filed under: News - @ September 13, 2025 10:30 am