The XTZ token has recorded a sharp price increase, rising 34% in just one day, which has drawn attention from traders and investors.
Sharp Price Surge of XTZ
XTZ saw a sharp 34% price increase in just one trading day. This move pushed the price through a critical horizontal resistance zone that has historically influenced trend direction. A strong green candlestick confirms heavy buying pressure, signaling renewed market interest in the Tezos token.
Sustaining Above $0.81
The $0.81 price level has served as an essential reference in the XTZ market. It has previously acted as both support and resistance during past market cycles. Price action around this level often signals key turning points, making it a vital threshold for market participants.
Futures Market Hits Yearly Highs
Alongside the price increase, XTZ Futures Open Interest has surged, reaching over $100 million. This spike represents the highest open interest level in more than a year. A growing number of traders have opened futures positions, indicating heightened speculation and participation across the market.
The price increase of the XTZ token and the rise in futures open interest point to strong bullish sentiment in the market. Observers note the importance of the $0.81 level as a key decision point for traders, closely watching for further developments.
