<strong><em>XTZ price action shows a bullish breakout of the long-coming resistance trendline and the $2 mark. Will the breakout rally surpass $2.5?</em></strong>

Key technical points:
<ul>
 	<li>The XTZ market value increased by 11.45% today at press time.</li>
 	<li>The price action shows a high likelihood of the $2.15 breakout.</li>
 	<li>The 24-hour trading volume of Tezos is $72.15 Million, indicating a hike of 68%.</li>
</ul>
<h2><strong>Past Performance of XTZ</strong></h2>
After the rejection at $4 led to the $2.80 support zone breakout, the <a href="https://www.cryptoknowmics.com/news/xtz-technical-analysis-trendline-retest-teases-bullish-reversal/">XTZ</a> prices were trapped in a correction phase, resulting in a drop to $1.66. Finally, the buyers overtook the trend control with a double bottom reversal at $1.66, resulting in a 26% relief rally that breaks above the long-coming resistance trendline.

<img src="https://s3.tradingview.com/snapshots/w/WqqOw8yd.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/WqqOw8yd/" target="_blank" rel="noopener">Tradingview</a>
<h2>XTZ Technical Analysis</h2>
XTZ prices show a bullish engulfing candlestick struggling to close above the previous swing high of $2.15. However, the increase in trading volume over the weekend reflects a gradual growth in buying pressure that may reach the $2.5 mark shortly. The DMI indicator indicates a trend reversal crossover in the DI lines, accompanied by an increase in the bullish spread. Still, the declining ADX showcases could soon resume the upward trend. In the same way, both the MACD and signal lines keep trending higher to reach the zero line in a bullish alignment. The resurging confidence in the MACD histograms is a sign of a re-invigoration in the underlying positive sentiments.

The RSI indicator displays an identical uptrend over the 14-day SMA line (yellow) and the halfway line. Thus, the indicators show a gradual increase in buying pressure that may drive the uptrend higher. In a nutshell, XTZ technical analysis forecasts a bullish rally ready to surpass the $2.5 mark.
<h2>Upcoming Trend</h2>
Considering the buying spree continues and the uptrend manages to fix XTZ prices above the $2.15 mark, the uptrend will reach the psychological mark of $2.5.

<strong>Resistance Levels:</strong> $2.15 and $2.5

<strong>Support Levels:</strong> $2 and $1.66

XTZ Technical Analysis: Triangle Breakout Aims To Cross Above $2.5

XTZ technical analysis shows a bullish breakout of the long-coming resistance trendline and the $2 mark. Will the breakout rally surpass $2.5?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

XTZ Technical Analysis: Triangle Breakout Aims To Cross Above $2.5

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