KEY TAKEAWAYS
XTZ remains trapped near $0.61, unable to break out of its descending channel.
CMF and BBP readings are negative, while the RSI trend continues to decline toward oversold territory.
Here is why XTZ Price could slide toward $0.50 or below if sellers maintain control.
XTZ, the native token of the Tezos blockchain, continues to face sustained bearish pressure as it struggles to reclaim key resistance levels amid weak broader market sentiment.
As of this writing, the coin trades around $0.613 within a clear descending channel that limits price movement.
Sellers have repeatedly rejected rebounds from the upper trendline, showing firm control. At the same time, buyers have failed to spark any meaningful momentum.
Due to this, the Tezos cryptocurrency is likely to fail to bounce above key levels.
XTZ Downtrend Persists
On the 4-hour chart, XTZ’s Chaikin Money Flow (CMF) sits at -0.13, signaling steady capital outflows.
This negative reading highlights persistent distribution and limited accumulation, both hallmarks of a continuing bearish trend.
Meanwhile, the Money Flow Index (MFI) stands slightly above the 50.00 neutral market level, suggesting brief buying attempts. Yet, sellers still dominate.
The MFI’s inability to rise above 50 further emphasizes XTZ’s weak buying strength and fading recovery potential.
Structurally, XTZ’s price remains locked in a descending channel, currently drifting below the $0.65 mark.
Each rebound has produced lower highs, confirming relentless selling pressure.
If this momentum persists, the token could revisit support near $0.55, and an extended drop might pull prices below the psychological $0.43 level, creating a new local low.
XTZ Price Maintains Bearish Outlook
On the daily chart, the Relative Strength Index (RSI) is near 40 and trending downward toward the oversold zone around 20, reflecting sellers’ firm grip on the market.
The Bull Bear Power (BBP) reflects this pattern, currently at -0.0574, indicating that selling volume continues to outweigh buying strength.
The BBP’s position below the zero line reinforces the broader bearish bias and the view that XTZ remains in a distribution phase.
The Fibonacci retracement drawn from the $1.22 swing high to the $0.43 swing low highlights key interest levels.
Furthermore, the Tezos crypto has already fallen below the 0.382 retracement at $0.75, and its current price of $0.62 aligns closely with the 0.236 level.
If sellers maintain pressure, XTZ’s price could slide further toward $0.50. In addition, a break below $0.46 would confirm a deeper bearish continuation, possibly pushing the token to multi-month lows.
However, the trend can change if bulls manage a strong recovery above the 0.382 Fib level at $0.73. In that scenario, XTZ might close beyond the channel resistance, potentially signaling a trend reversal and targeting $0.82 next.
However, considering the current trend, it may take some time before the Tezos cryptocurrency price rebounds. Most importantly, it might depend on the broader crypto outlook.
