- Tezos XTZ completed liquidity sweep near $0.37 signaling trend shift
- Bullish targets stand at $0.4542 and $0.4738 with breakout confirmation needed
- Support at $0.36 remains key, while $0.34 acts as downside level
Tezos (XTZ) is drawing attention after completing a key liquidity sweep near recent lows, signaling a possible shift in market structure. While price remains under short-term pressure, analysts note early signs of a bullish transition.Â
Tezos (XTZ) Shows Bullish Shift After Liquidity Sweep
XTZ is showing early signs of a trend reversal after completing a key liquidity sweep near recent lows. According to a TradingView chart shared by Crypto Patel, price action cleared external liquidity around $0.37 before moving higher. This move suggests a possible shift from bearish to bullish structure.
At press time, Tezos (XTZ) is trading near $0.368, down 4.45% over the past 24 hours. Despite the short-term decline, the broader setup points toward a developing recovery phase. The liquidity sweep often signals exhaustion of selling pressure in similar market conditions.
Crypto Patel noted that XTZ is now approaching a breaker block zone. This level may act as support if the price continues to hold above it. A confirmed move above this zone could strengthen the bullish outlook.
XTZ Faces Key Levels as Breakout Confirmation Awaits
The XTZ setup now depends on confirmation above the breaker block. Analysts suggest waiting for a daily close above this level before entering positions. This would signal a stronger shift in market structure.
Upside targets for XTZ are placed at $0.4542 and $0.4738. These levels represent areas of potential liquidity where the price could move next. However, failure to hold current support may delay this scenario.
On the downside, Tezos must hold above the $0.36 level to maintain stability. A break below this range could lead to further decline toward the $0.34 zone. This level aligns with recent short-term lows.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
