Tezos - bargain zone or falling knife, what do you think? While majors are chopping around, Tezos keeps sliding as older PoS projects stay under pressure, according to market chatter about regulation and fading hype. Price has quietly pressed into a strong historical demand area that bulls defended before.
On the 4H chart we sit right on that support cluster around 0.37-0.38 with a fat volume node a bit higher near 0.41-0.42. RSI is below 40 but no longer printing fresh lows - early sign that sellers are tiring and a corrective pop is on the table. I lean toward a bounce long from this zone rather than chasing late shorts.
My base plan: as long as 0.37 holds, I like a rebound toward 0.42 first, then possibly 0.45 where the next supply band waits ✅. If price closes below 0.37 with momentum, that invalidates the bounce idea and opens the door to 0.34 and even lower - that would flip me to a short bias. I might be wrong, but for now I'm stalking entries near support and taking profits into the first sharp green candles.
