XTZ is moving in an upward channel above the trading range.
There is no optimism for a continuation of the uptrend, so we should expect the asset to fall into a range to collect liquidity.
I expect that after fixing under the resistance level XTZ may continue to decline. Further direction will depend on the price reaction on the upper boundary of the range.
There is no optimism for a continuation of the uptrend, so we should expect the asset to fall into a range to collect liquidity.
I expect that after fixing under the resistance level XTZ may continue to decline. Further direction will depend on the price reaction on the upper boundary of the range.