Tezos Price Surges 13% After Breaking 230-Day Resistance Trendline
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Tezos (XTZ) broke through a 230-day resistance trendline, leading to a 13% price increase in a single day.
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The surge generated market attention due to its unexpected nature and high trading volume.
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Speculation surrounds the rally's underlying factors, but a clear rationale remains elusive.
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If the rally continues, XTZ could increase by 25% to $0.90 according to technical indicators.
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Failure to close above the resistance trendline may cause a 10% price drop to $0.65 support.