The XTZ coin price retests the bullish breakout of the rounding bottom breakout in the daily chart. Moreover, the reversal gains momentum as the potential morning start pattern takes the shape. However, the previous uptrend failed to rise above the Will the uptrend rise above the 200-day EMA. Key technical points: The coin price retests the $3.85 mark. The Stochastic RSI indicator gives a bullish crossover in the XTZ/USD daily chart. The 24-hour trading volume in the Tezos token is $131 Million, indicating a 20% rise. Past Performance of XTZ XTZ coin price trades at $4.09 with a price jump of 6.73% in the last 24 hours, resulting in a successful retest of the $3.85 mark, as we mentioned in our previous article. Moreover, the price breaks above the crucial psychological mark of $4. Source-Tradingview XTZ Technical Analysis The XTZ coin price reverses with a potential morning star pattern from the $3.85 mark and retests the rounding bottom breakout. Moreover, the lower price rejection near the $3.85 reflects the underlying jump in bullishness. The Tezos coin price breaks above the crucial 50-day EMA and continues to approach the 200-day average. However, the bearish alignment of the EMAs project the possibility of a reversal. The MACD Indicator shows a sudden rise in the last line as it approaches the slow line. Thus, it avoids the bearish crossover and continues the growth of bullish histograms. Hence, the slope shows a bullish...
