If you want to invest in or buy the Tezos token and wonder what the right price to start accumulating Tezos is, then you are in the right place. As we go through the analysis, we will determine different patterns and how Tezos reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into Tezos price analysis and explore different opportunities arising from it.
Tezos Price Analysis of May 10, 2025
Tezos opened the session on a strong note, marking the daily low near the $0.590 level before bouncing into a consolidation range. This range broke out to the upside early in the session, supported by a golden crossover of the MACD. The move led to the formation of a resistance zone around $0.625. Despite RSI reaching overbought levels, buyers retained control. A converging triangle followed, also breaking to the upside, confirming bullish sentiment. Tezos continued climbing, broke out of a new range at $0.625, and spiked to its daily high, reflecting a solid trend-driven session with limited downside action.
Chart 1: XTZ/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 10, 2025
At $0.591, the Tezos price set the day’s low. A range developed upward at 06:20 UTC, supported by a golden crossover of the MACD following the formation of this support. The Tezos breakout sent the price soaring, creating a resistance zone at $0.625. Meanwhile, the RSI soared over the 70 level, indicating overbought market circumstances and suggesting a possible reversal or at least a correction. Buyers maintained control of the trend despite this signal.
New High at $0.653: Sustained Buying Pressure in Control
A converging triangle pattern then appeared in the price action, with resistance once again at $0.625. The triangle pattern eventually broke out to the upside at 20:50 UTC, supported by a golden crossover of the MACD. This Tezos breakout confirmed sustained bullish momentum and led to another price spike. Following this move, the XTZ price entered a new consolidation phase, forming a range. This range broke out to the upside at 05:50 UTC, again supported by a golden crossover of the MACD. Price spiked higher and marked the high for the day at $0.653.
Tezos has demonstrated strong trending behavior throughout the session, characterized by a series of bullish breakouts and consistent upside spikes. The RSI repeatedly hitting or hovering near the 70 level further confirms the presence of sustained buying pressure. While this signals strength; it also warns of potential exhaustion, as markets rarely remain overbought for extended periods without a corrective phase.
If the bullish trend continues and momentum remains intact, Tezos could aim for the next psychological resistance near $0.670 or $0.700. On the other hand, if the Tezos price starts to pull back, the previous resistance levels at $0.625 and $0.610 may now act as support. Traders should monitor RSI for potential bearish divergence and MACD for any weakening momentum. As long as the XTZ price stays above key support levels and continues forming higher highs, the bullish structure remains intact. However, a consolidation phase or brief correction could be healthy for the next leg up.
Can Tezos Sustain the Momentum?
Confirmed by frequent bullish breakouts and high RSI readings, Tezos is presently displaying obvious trend continuation behavior. The Tezos price could rise toward higher resistance zones close to the $0.670 to $0.700 range if momentum stays strong. Still, a short-term correction or consolidation is conceivable with RSI consistently flagging overbought circumstances. As critical support levels, traders should keep an eye on earlier breakout areas, especially $0.625 and $0.610. These levels will help us assess how strong trends are in upcoming sessions. The bullish pattern is still in place as long as Tezos remains above these supports and the MACD stays favourable. A pause might serve as the foundation for yet another powerful ascent leg.
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