XTZ Price Struggles at $0.71 as Bearish Momentum Builds Despite Overall Bullish Trend

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• XTZ is currently trading on $ 0.71 (-0.98% in 24 hours) • The daily RSI of Tezos on 39.36 shows neutral zone with potentially over-sold-over approaching • Bitvavo’s staking balance reduction creates small headwinds for XTZ-Macd macd macd macd.

What drives Tezos -Price today?

The XTZ price this week stood for a modest sales pressure after the announcement of Bitvavo on 1 September to reduce the rewards of Tezos. The exchange reduced its flex -based annual percentage of yield to 1.4% and fixed deployment to 3.5%, part of wider platform adjustments that influence more than 50 digital assets.

Although this news had a neutral impact on market sentiment, it is a wider trend of decreasing radiation yields in the ecosystem of cryptocurrency. For XTZ holders who rely on income from income, this reduction can lead to some people re -containing their positions, which contributes to the recent downward pressure on the XTZ price.

The lack of large positive catalysts in recent days has made Tezos vulnerable for broader market movements. With trade volume at $ 874.004 on Binance spot markets, XTZ shows relatively modest activity levels, suggesting that traders follow a wait-and-see approach.

XTZ Technical Analysis: Mixed signals with Bearish Momentum

Tezos Technical Analysis reveals a complex image with conflicting signals about different timetables. The XTZ RSI lecture of 39.36 is in neutral territory, neither sold nor overbought, giving traders room for movement in both directions.

The most relevant signal comes from the MACD configuration from Tezos. With the MACD line on -0.0280 and the signal line on -0.0199, the Histogram reading of -0.0081 that Beerarish Momentum is building for XTZ. This suggests that the recent decline in the short term can continue.

The position of Tezos in the Bollinger bands tells another important story. At 0.1951 %B position, XTZ exchanges much closer to the lower tire at $ 0.67 than the top tire at $ 0.87. This positioning often indicates over -sold circumstances and potential bounce pountering options, although it can also indicate to the continuous weakness.

The advancing average structure presents mixed signals for the XTZ price. While under both the 7-day SMA of $ 0.72 and 20-day SMA is traded at $ 0.77, it remains above the crucial 200-day SMA at $ 0.67, to support the overall bullish trend classification.

TEZOS Price levels: Important support and resistance

Critical TEZOS -Supporting levels come to $ 0.69 for immediate support and $ 0.68 for strong support. The XTZ price is currently floating just above these levels at $ 0.71, making them crucial for maintaining the current structure. A break under $ 0.68 could indicate more significant weakness ahead.

At the top, XTZ resistance appears at $ 0.88 for immediate resistance, with a strong resistance to $ 1.23. The gap between the current price and immediate resistance suggests considerable space for recovery as buying pressure rates.

The daily average actual range of $ 0.04 indicates moderate volatility for TEZOs, which suggests that price movements of 4-6 cent are normal daily fluctuations. This volatility measure helps traders in the right way positions for the XTZ/USDT pair.

Do you have to buy XTZ now? Risk-willing analysis

On the basis of Binance Spot market data, the current setup offers different opportunities for different trader types. Conservative investors can wait for a clear break over the 20-day SMA at $ 0.77 before they consider new XTZ positions, because this would confirm the resumption of the wider upward trend.

Aggressive traders can find the current XTZ price attractive, given the proximity of strong support at $ 0.68. The risk-willing ratio seems favorable with tight stop loss possible below $ 0.67 and potential goals at $ 0.88 resistance.

Swing traders must keep a close eye on the XTZ RSI. If the RSI falls from Tezos to 30, this can indicate a transferred bounce opportunity. However, the Bearish Macd -momentum suggests that patience can be rewarded with better entrance prices.

For setting up targeted investors, recent remuneration reductions between exchanges can offer opportunities if weaker hands leave their positions. Long -term holders that are comfortable with reduced yields can find current levels attractive for accumulation.

Conclusion

The XTZ price is located at a critical moment with Beerarish Momentum building despite the overall bullish trend classification. While TEZOS supports the levels of $ 0.68- $ 0.69, traders have to offer in the short term, traders have to look out for a decisive break under the support or a jump that resumes $ 0.77. The next 24-48 hours will probably determine whether XTZ can stabilize above the most important support or further downward pressure to the progressive average of 200 days can be confronted.

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