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$XTZ Analysis: Bulls Defending Support After Tallinn Upgrade
Tezos is currently in a high-stakes consolidation phase following the successful activation of the Tallinn protocol upgrade on January 24. This upgrade slashed block times to 6 seconds, significantly boosting network throughput.
📊 Technical Breakdown (4H Chart)
Current Price: 0.5789
Support Cluster: The price is sandwiched between the EMA(7) (0.5774) and EMA(99) (0.5777), showing a very tight battle between buyers and sellers.
RSI Check: The RSI(6) is at 52.13, sitting comfortably in neutral territory. This suggests there is no immediate exhaustion, leaving room for a move in either direction.
Key Indicator: The EMA(25) at 0.5802 is acting as immediate overhead resistance. A clean break above this could trigger a fast move toward 0.60.
🌐 Fundamental Drivers
Tallinn Upgrade Live: The 20th protocol update is now active, reducing storage costs and latency.
Institutional Backing: TenX Protocols recently acquired 5.5 million XTZ for strategic staking, signaling strong long-term confidence from institutional players.
🏹 Trade Setup (Intraday/Short-term)
⚡️ Entry Zone: 0.5750 – 0.5800 (Buying near the EMA 99 support)
🎯 Target 1: 0.6010 (Major psychological resistance)
🎯 Target 2: 0.6250 (Previous local peak)
🚀 Moon Target: 0.6800 (Macro breakout level)
🛑 Stop Loss: 0.5480 (Below recent wick lows)
Market Tip: XTZ is currently in a "post-rally digestion phase." Patience is key here as the market absorbs the recent network news.
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