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Tezos (XTZ) Surges 8.89% as Bulls Target $1.10 Resistance Level
The XTZ price has demonstrated a striking surge of 8.89%, with the digital asset currently trading at $0.88. This notable move can be attributed to technical momentum indicators, which have triggered a strong buying interest.
The current rally is perceived by traders as a continuation of the broader bullish trend that saw Tezos recover substantially from its 52-week low of $0.49. The Trading volume on Binance spot has reached $4.7 million over the past 24 hours, indicating solid participation in this upward move.
Market sentiment has improved across the broader cryptocurrency space, and XTZ is benefiting from this positive momentum. The XTZ/USDT pair presents a compelling bullish setup as it trades above all major moving averages with healthy momentum indicators.
Source: Blockchain.News
