XTZ Losing Bullish Momentum Falls By 15%

XTZ Price traded at $5.25 with a loss of 15.40% in the last 24-hour and 16.08% down in the weekly time frame. Furthermore, XTZ plunged from the resistance of $7.24. In contrast, the market capitalization stands at $4 billion. Technically, investors can perceive a negative crossover in the EMA, and the price is trying to sustain above the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the support of $4.70 in future trading sessions.

Resistance: $7.25
Support: $4.70