$XTZ: Is This the Beginning of a Major Recovery?
XTZ is approaching a critical demand zone around $0.21–$0.25 after an extended downtrend. This area previously attracted strong buying pressure and triggered a significant recovery. Now price is returning to the same zone, creating an interesting opportunity for a potential bullish reversal. The current reaction could become an important turning point for XTZ.
If buyers successfully defend this zone and start building higher lows, XTZ could gradually shift its market structure toward the bullish side. A recovery toward $0.3910 would be the first major upside objective, while a stronger breakout could potentially open the path toward $0.5189. The key is how price develops from the current demand area.
The bigger picture is becoming interesting. XTZ is testing a zone where a new bullish structure could begin developing. If this demand area continues holding and bullish confirmation appears, the next recovery could become much more significant. This is a zone worth watching closely. 👀
#LEO524 #XTZ
Analysis by LEO524
XTZ is approaching a critical demand zone around $0.21–$0.25 after an extended downtrend. This area previously attracted strong buying pressure and triggered a significant recovery. Now price is returning to the same zone, creating an interesting opportunity for a potential bullish reversal. The current reaction could become an important turning point for XTZ.
If buyers successfully defend this zone and start building higher lows, XTZ could gradually shift its market structure toward the bullish side. A recovery toward $0.3910 would be the first major upside objective, while a stronger breakout could potentially open the path toward $0.5189. The key is how price develops from the current demand area.
The bigger picture is becoming interesting. XTZ is testing a zone where a new bullish structure could begin developing. If this demand area continues holding and bullish confirmation appears, the next recovery could become much more significant. This is a zone worth watching closely. 👀
#LEO524 #XTZ
Analysis by LEO524
