Technical analysis by MyCryptoParadise about Symbol XTZ: Buy recommendation (5/12/2025)

Yello Paradisers! Are you prepared for what might be one of the sneakiest reversals brewing quietly on #XTZUSDT? Let's see the current setup of #Tezos:💎#XTZ is trying to break out of a descending broadening wedge formation, a setup that typically signals the end of a corrective structure and the potential beginning of a major impulsive move. We’re likely witnessing the very first wave of this new impulse, and what happens next will depend entirely on how the price reacts to the overhead dynamic resistance.💎The 1st impulsive wave appears to be nearing completion, and based on structure and current momentum, a minor pullback is both expected and healthy. This retracement will likely serve as a reset before the next leg higher begins, offering a potential entry for those who missed the breakout. However, we do not expect this correction to break below the origin of the first wave — doing so would undermine the integrity of the new trend.💎Currently, the #XTZUSD is facing strong resistance from the EMA, which it must convincingly break and reclaim. This EMA level has repeatedly acted as a lid on price action, and until it’s cleared, any upside move remains tentative. However, if buyers step in with real volume, we could see a rapid acceleration toward the mid-term resistance at $0.916. That level has historically marked a shift in market control. And beyond it, the next major resistance lies at $1.134, a key supply zone that could trigger heavy distribution.💎On the downside, the structure remains clean. The $0.491 – $0.516 zone is now our major support, and it must hold. If the price falls below this support and closes with weakness, it will invalidate the current bullish thesis and likely lead to a deeper correction. Play it safe, respect the structure, and let the market come to you!MyCryptoParadiseiFeel the success🌴