Tezos XTZ Price Analysis: Testing Lower Bollinger Band Support at $0.74

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• XTZ is currently trading at $ 0.74 (+1.57% in 24 hours) • Tezos Test Lower Bollinger Band -Support with XTZ RSI at 41.15 in Neutral Territory • Etherlink Layer 2 achieves record $ 47.7 m TVL Drive Defi expansion momentum

What drives Tezos -Price today?

The XTZ price has shown resilience despite mixed technical signals, mainly supported by important developments in the Layer 2 -Ecosystem of Tezos. The most striking was that on 28 August Etherlink achieved an all time with a high total value of $ 47.7 million, powered by strategic partnerships with curve finance and the launch of Lombard’s LBTC Bitcoin Liquid Liquid STAKKing.

This TVL -Mijlpaal represents a substantial growth for the Defi infrastructure of Tezos, with the $ 3 million “Apple Farm Season 2” Rewards program that further stimulates the acceptance of the platform. Timing coincides with the successful Quebec protocolupgrade of Tezos implemented on 24 August, which improved network scalability and introduced stricter validator sterecins for low 2 growth.

In addition, TEZOS’s partnership with HEX Trust was announced on 26 August for guardianship services of the token XU3O8 supported by Uranium, expansion of the real-world assets tokenization use. Despite these fundamental positive developments, the XTZ price has only experienced moderate profits, which suggests that sustainable acceptance and wider market sentiment remain crucial factors for considerable price rating.

XTZ Technical Analysis: Bearish Momentum Conflicts with Bullish Trend

The current TEZOS technical analysis reveals conflicting signals that traders must carefully navigate. XTZ’s daily RSI is 41.15 and places it on neutral territory but trending to over -sold circumstances. This positioning suggests potential buying options for contrary traders, although momentum indicators paint a more cautious picture.

The MACD chart of Tezos shows a bearish -0.0131 reading, which indicates at a decreasing momentum despite the overall bullish trend classification. The XTZ MACD line at -0.0124 remains at 0.0007 under the signal line, which confirms a bearish pressure in the short term. However, this Bearish Momentum occurs within a wider uprising, as evidenced by XTZ trade above the 200-day SMA at $ 0.68.

The stochastic indicators also support the story transferred, with XTZs %K at 13.63 and %D at 13.01, both well below 20 threshold that is usually associated with over -sold circumstances. This technical set-up is often preceded in the short term bounces, in particular when it is supported by positive fundamental developments such as the TVL growth of Etherlink.

TEZOS Price levels: Important support and resistance

On the basis of Binance Spot market data, XTZ is confronted with critical technical levels that will determine the price direction in the short term. The immediate TEZOS support levels center around $ 0.72, which closely matches the current pivot point to $ 0.73. What is more important is that XTZ currently tests the Lower Bollinger band at $ 0.74, with the %B position at 0.0220 that the price is close to this crucial support zone.

If the current support does not hold, XTZ can fall to the strong support level at $ 0.59, which represents a potential disadvantage of 20% of the current levels. Conversely, a successful defense of the range of $ 0.72- $ 0.74 could cause a recovery in the direction of the immediate XTZ resistance at $ 0.97, which offers an upward potential of 31%.

The Middle Bollinger band for $ 0.82 serves as the primary resistance goal, coinciding with both the 20-day and 50-day SMAs. Breaking above this level would mean a return to the upper part of the trade range and possibly be aimed at $ 1.23 on the strong resistance. The daily ATR of $ 0.06 suggests typical daily movements of approximately 8%, which offers context for position format and stop-loss placement.

Do you have to buy XTZ now? Risk-willing analysis

The current XTZ/USDT -Setup offers various opportunities, depending on the trade time and risk tolerance. For swing traders, the combination of over -sold technical conditions and positive fundamental catalysts creates an attractive risky scenario, in particular with defined clear support and resistance levels.

Conservative traders must wait for confirmation above the resistance level of $ 0.82 before he determines long positions, because this would identify the end of the current Bearish Momentum phase. The stop-loss for such positions could be placed below $ 0.72, which means that the downward risk is limited to around 12%, while the $ 0.97 resistance is aimed at potential profit of 18%.

More aggressive traders can consider collecting XTZ at current levels, given the proximity of supporting Bollinger Band and surpassing stochastic measurements. However, this approach requires strict risk management, with stops below $ 0.68 (the 200-day SMA) to limit potential losses if the broader crypto market experiences extra weakness.

Day traders must check the XTZ price campaign on the pivot level of $ 0.73, because fractures above or below this level often signal intraday directional movements. The 24-hour trade range of $ 0.72- $ 0.74 offers a tight reach for scale options.

Conclusion

XTZ Price is confronted with a critical moment at $ 0.74, with technical indicators that suggest over -sold circumstances, while long -term bullish prospects support fundamental developments. The record Ethherlink TVL and successful protocolupgrades offer positive catalysts, but immediate price action depends on defending the current support levels. Traders must keep a close eye on the XTZ/USDT couple during the next 24-48 hours, because a break below $ 0.72 could activate further, while the support can initiate a recovery to $ 0.82 resistance.

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