Tezos extends downward price move as sellers remain in control of short-term trend

Traders Union
All News
Crypto
Tezos drops 7.04% today to $0.2442

Highlights

XTZ/USD trades below key moving averages across all timeframes, indicating sustained selling pressure in short, medium, and long-term trends.
Bearish signals from MACD and negative Bull/Bear Power are tempered by neutral readings from RSI, Stoch RSI, CCI, and ADX, showing downside momentum with weak trend conviction.
Price is currently at $0.2442 after dropping 7.04% for the day, with a high probability of further declines into the $0.22671395 to $0.26168605 expected range.

Downside bias confirmed as resistances cap recovery

On the technical front, XTZ/USD is trading below its MA-20 and MA-50 on the H1 chart, and also sits under the MA-200 on the daily timeframe. The Ichimoku Kijun currently stands at $0.25974999 and acts as immediate resistance. MACD continues to issue a Sell signal, while ADX reads Neutral, reflecting downside momentum but limited trend conviction. RSI, Stoch RSI, and CCI are all in their neutral zones, signaling a lack of extreme momentum either way. Bull/Bear Power is negative, indicating sellers dominate the intraday bias, and the Awesome Oscillator maintains a downside reading.

Bearish continuation favored as break levels define risk

Given current technicals, Tezos is expected to remain within the $0.22671395 to $0.26168605 range during the next 2–3 trading days. The likelihood of further declines is high, while the probability of an upside move is low. Should price break above the Kijun resistance at $0.25974999, a bullish scenario could be triggered. Conversely, a breach below $0.22671395 would open the door to additional downside within the current volatility band.

Anton Kharitonov, expert at Traders Union, notes that Tezos continues to trade under pressure, failing to reclaim its major moving averages. He sees persistent bearish technicals, with sellers dominating and no positive news to offset the current momentum. In his view, the lack of strong trend conviction increases downside risks, especially if support at $0.22671395 gives way. "Until XTZ can close above the Kijun resistance at $0.25974999, I remain defensive on this asset."

Previously it was reported that Tezos was facing sideways movement within a defined volatility band amid mixed technical signals. The current analysis reinforces this cautious outlook, highlighting that the asset remains under pressure and suggesting traders should watch for a break of the $0.2267 support to gauge further downside risk.

Source of Data: XTZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.