XTZ Technical Analysis in Weekly Timeframe

27 Jul

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Now, let’s dive into this chart analysis:

XXTZ is in a downtrend, hovering above the support trendline at $0.619. With the current price holding the support, XTZ will likely test the resistance trendline at around $0.981.

If the price breaks above the resistance, we are likely to see a bullish trend exploring the higher side of the chart.

Key levels:

- Support/Entry: $0.6 to CMP.
- Primary Resistance: $0.981.
- Long-term Target: All-Time High ($9.171).
- Invalidation Point: A close below the support trendline.

DYOR, NFA.

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