TOTAL3 Index Forms Long-Term Compression Pattern
- Market Dynamics Observation: The TOTAL3 index continues to form a multi-year compression pattern that traders are closely monitoring, with analysts noting that a breakout requires stronger trading volume and sustained market participation to confirm potential price movements.
- Altcoin Focus: Amid broader market uncertainty, several altcoin projects including QUBIC, TIA, SOL, XTZ, ZRO, and UNI are gaining attention, particularly as they continue to develop their ecosystems, which may position them significantly in future markets.
- Technical Indicator Significance: As an indicator tracking the total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum, TOTAL3 has become one of the most closely watched technical indicators in the digital asset market, with analysts suggesting that a breakout above long-term resistance could attract renewed capital into alternative cryptocurrencies.
- Market Outlook: While the TOTAL3 chart has generated optimism surrounding the broader altcoin market, analysts are still waiting for confirmation signals, believing that trading volume, macroeconomic conditions, and investor sentiment will be the primary factors influencing future market trends.
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Technical Analysis for XTZ
Technical Sentiment Analysis for Tezos (XTZ). As of , Tezos (XTZ) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XTZ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XTZ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tezos (XTZ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.123 | 0.161 | 0.197 | 0.234 | 0.27 | 0.307 | 0.343 |
| Fibonacci | 0.161 | 0.189 | 0.206 | 0.234 | 0.262 | 0.279 | 0.307 |
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