The $XTZ cryptocurrency market shows signs of recovery following the completion of a liquidity sweep. Analysis indicates that this process may lead to significant growth.
Completion of Liquidity Sweep
In the $XTZ market, a liquidity sweep has been completed as the price absorbed sell orders below recent lows. This often signals the end of bearish pressure, paving the way for a bullish reversal.
Analysis of Strong Demand Zone
Technical analysis shows that a monthly bullish Fair Value Gap (FVG) has been tapped, which is a strong demand zone on higher timeframes. This indicates significant buying interest from institutional players and suggests a potential price increase.
Potential for $1 Breakout
According to the current market structure, a move toward the $1 level, a psychological and technical barrier, could act as a catalyst for further rallying. However, the success of this setup depends on sustained momentum and volume confirmation.
For $XTZ holders and speculators, the current situation presents a calculated opportunity to enter the market. The evident changes in liquidity and demand make this cryptocurrency a focal point of interest in the upcoming sessions.
