Tezos (XTZ) broke its prolonged downtrend with a dramatic 56% rally, trading from $0.69 to $1.15. The token smashed through key $0.80 resistance with volume surging 230% and spot inflows reaching $417,000—the highest monthly figure since January.
Key Reason
• Etherlink L2 Solution: Drastically reduced gas fees and 100x throughput increase
• Fast Withdrawals: 15-day to 1-minute withdrawal time improvement
• Mida Platform: $11M TVL growth in institutional-grade tokenized assets
Technical indicators confirm momentum, with bullish EMA crossovers and rising ADX values signaling trend strength.
Trading Outlook
XTZ found support at $0.72 with immediate resistance at $0.90. Medium-term targets suggest $2.00-2.65 potential if adoption metrics continue improving. Long-term bullish scenarios project $9+ by 2030 if Layer 2 ecosystem expansion accelerates.
Community Response
Reddit discussions show surprise at XTZ's revival after months of dormancy. As one user noted: "Tezos up 50%? This project still exists?" The sentiment shift suggests renewed market attention to previously overlooked Layer 1 solutions with Layer 2 innovations.
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