Tezos price dips below key support area with bears eyeing further damage near $2.00

Bitcoin has since climbed back above $15,000. XTZ trades near $2.07, down 2% over the past day. The 4-hour chart shows four straight red candles, a clear sign that sellers are in control. The token sits below the 200-day simple moving average on the 4-hour chart, pointing toward lower prices if selling pressure continues.

Support materializes at multiple levels. The 50-day and 100-day simple moving averages on the 4-hour chart could slow the decline. If those give way, $1.80 becomes the next target. That level aligns with the lower band of the Bollinger Bands squeeze on the daily chart.

The daily chart shows XTZ trading below the 50-day SMA at $2.11. Bulls could seize an opportunity if the price holds above $2.00, staying above the middle Bollinger Band. Fresh buying at that level could help reclaim the 50-day SMA and push momentum higher. The upper Bollinger Band on the daily chart marks the next resistance.

A move above the daily squeeze opens the path to $2.65 and $2.69, where the 100-day and 200-day simple moving averages sit. If buyers defend those levels and turn them into support, XTZ could break past the multi-month resistance line near $3.00. Watch the 4-hour 50-day and 100-day SMAs for short-term direction.