XTZ Price Struggles at $0.71 as Bearish Momentum Builds Despite Overall Bullish Trend
The post XTZ Price Struggles at $0.71 as Bearish Momentum Builds Despite Overall Bullish Trend appeared on BitcoinEthereumNews.com.
Caroline Bishop
Sep 06, 2025 16:20
Tezos trades at $0.71 with XTZ RSI at 39.36 showing neutral territory while MACD signals bearish momentum. Recent staking reward cuts add pressure.
Quick Take • XTZ currently trading at $0.71 (-0.98% in 24h) • Tezos’s Daily RSI at 39.36 shows neutral zone with potential oversold approaching • Bitvavo’s staking reward reduction creates minor headwinds for XTZ holders • XTZ MACD histogram shows bearish momentum despite overall bullish trend classification What’s Driving Tezos Price Today? The XTZ price faced modest selling pressure this week following Bitvavo’s announcement on September 1st to reduce Tezos staking rewards. The exchange lowered its Flex Staking annual percentage yield to 1.4% and Fixed Staking to 3.5%, part of broader platform adjustments affecting over 50 digital assets. While this news had a neutral impact on market sentiment, it represents a broader trend of declining staking yields across the cryptocurrency ecosystem. For XTZ holders who rely on staking income, this reduction may prompt some to reassess their positions, contributing to the recent downward pressure on the XTZ price. The lack of major positive catalysts in recent days has left Tezos vulnerable to broader market movements. With trading volume at $874,004 on Binance spot markets, XTZ shows relatively modest activity levels, suggesting traders are taking a wait-and-see approach. XTZ Technical Analysis: Mixed Signals with Bearish Momentum Tezos technical analysis reveals a complex picture with conflicting signals across different timeframes. The XTZ RSI reading of 39.36 sits in neutral territory, neither oversold nor overbought, giving traders room for movement in either direction. The most concerning signal comes from Tezos’s MACD configuration. With the MACD line at -0.0280 and the signal line at -0.0199, the histogram reading of -0.0081 confirms bearish momentum is building for XTZ.…
Filed under: News - @ September 7, 2025 3:16 am