XTZ/USDT – Technical Analysis
Trend: Clear bearish channel in play. Price continues to respect lower highs and lower lows.
Structure: Price rejected from mid-channel resistance and is drifting toward the lower boundary.
Support Zones:
Minor: ~0.38–0.39
Major: ~0.35–0.36 (demand zone)
Resistance Zones:
~0.44–0.46 (prior support turned resistance)
Upper channel near ~0.47–0.48
RSI (14): Around 30–40 range → weak momentum, slight oversold but no strong bullish divergence yet.
Bias: Bearish continuation while below ~0.44.
Scenario:
Breakdown below 0.38 → likely move toward 0.36 support.
Bounce from 0.36 could offer short-term relief rally toward 0.42–0.44.
@Tezos $XTZ #xter #xtz