Tezos rose by 43%,
now trading at $0.97 with a volume increase of 230% reaching $190M and a market capitalization of $846.96M.
Breaking through the resistance of the key trend line, XTZ's momentum accelerated after some fundamental catalysts.
• XTZ Rally shows an increase in smart capital inflows.
Key Factors
• Launch of Etherlink L2: An Ethereum-compatible solution that enhances ecosystem utility
• Tokenized Assets of Mida: TVL of $11M indicating institutional adoption
• DeFi Liquidity: Injection of $30M into the ecosystem improving on-chain metrics
• Impact of Etherlink transforming XTZ's position in the market.
Technical Analysis
• Support: The zone of $0.71-$0.72 must hold to continue the uptrend
• Fibonacci Targets: $1.03 (0.382), $1.19 (0.5), potential $1.36
• RSI: Approaching overbought, possible short-term correction
• Explosive Volume confirms strong buying conviction.
Community Sentiment
