$2Z USDT short term price action update
After a volatile session, 2ZUSDT pushed higher and then started to cool off, with price pulling back in an orderly way rather than a sharp sell off. The move higher was met with profit taking near the highs, but structure remains constructive.
Over the last 24 hours, price printed a high around 0.13056 and a low near 0.11576. At the time of writing, price is stabilizing around 0.1275, holding above key intraday levels after a strong expansion.
On the day, 2ZUSDT is up roughly 9 percent, reflecting a clear recovery from the session lows. Volatility, while still present, is starting to cool compared to the earlier impulse, suggesting the market is transitioning from expansion into digestion.
24 hour trading volume stands near 60.93 million Z2, equivalent to about 7.53 million USDT. This level of activity shows solid market participation, with buyers still in control overall despite the recent pullback.
On the 15 minute timeframe, price structure remains bullish, but candles are showing smaller bodies and upper wicks near the highs. This points to controlled recovery rather than aggressive continuation, with buyers defending dips instead of chasing breakouts.
A short term support zone is forming around the 0.125 to 0.126 area, where price is attempting to hold above the rising short term averages. This zone is key for maintaining the current recovery structure.
If price holds above this support, the recovery remains intact and a renewed push toward the recent highs can develop once consolidation completes. If this support is lost, price is more likely to shift into sideways consolidation or a range bound phase as the market absorbs the recent gains.
#TokenizedSilverSurge #USIranStandoff