- XTZ/USD has dropped below the $4-mark.
- The price is currently sitting on the 20-day Bollinger Band.
- William’s %R has dipped below the overbought zone.
XTZ/USD daily chart
XTZ/USD faces bearish correction following three straight bullish days. The price has gone down from $4.257 to $3.97 and is presently sitting above the 20-day Bollinger Band. The Elliott Oscillator has had nine straight bullish sessions of increasing intensity. William’s %R has dipped below the overbought zone, showing that the asset is no longer overpriced.
XTZ/USD has one strong resistance level at $4.257. On the downside, we have four healthy support levels at $3.70, $3.245, $3.18 (SMA 20) and $2.87 (SMA 50).
The overall crypto market sentiment has reversed from negative to positive. Read more about it here.