We’re seeing a big shift in Tezos right now.

I’ve been watching XTZ closely, and that 39% spike in 24 hours isn’t just another alt pump—it’s tied directly to what’s happening with Etherlink.

The breakout from a 7-month downtrend was technical, sure, but it’s the Midas partnership that caught my eye. Their tokenized yield products on Etherlink L2 pulled in $11 million in TVL. That’s a real sign of institutional-grade DeFi adoption finally hitting Tezos.

All EMAs flipped bullish for the first time in months, and RSI hit 91. Momentum’s strong, no doubt, but we’re also seeing signs of altcoin rotation as BTC dominance dips.

If Etherlink’s traction continues and institutional inflows stay steady, we could be looking at a real shift in how $XTZ is positioned in this market cycle.

Keep your eye on the $1.04 range. That’s the next big test.