XTZ, the native coin of Tezos, has surged in value by 38% over the past 24 hours, reaching a seven-month high of $1.13. This increase in price is attributed to Everstake's support for the cryptocurrency and a positive Q3 2024 report from Messari. However, the price jump has triggered selling pressure and increased exchange inflow, suggesting a potential price correction. The coin's overbought readings on the RSI further confirm the likelihood of a pullback. XTZ is currently trading above the $1.07 support level, but a failure to maintain this level could push it lower to $0.97. On the other hand, if the uptrend continues, the coin could break past the $1.19 resistance and advance toward $1.40.



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