source materials from the website - By ETHNews
Tezos (XTZ) is trading at $0.8737, which is 6.72% higher than yesterday. The market capitalization has reached $921.31 million with a daily trading volume of $138.94 million.
In the last month, XTZ has grown by 40.13%, driven by renewed interest in the market and speculation about upcoming protocol updates. However, since the beginning of the year, the asset is still down 31.96%, reflecting the lingering effects of a long-term bearish trend observed after previous highs exceeding $12.
From a technical perspective, Tezos is recovering from a deep correction, and the price is now significantly above the July lows.
Analysts at ETHNews point to the formation of a potential reversal pattern 'double bottom' on the daily chart, which, if confirmed, could reach a resistance range of $1.05–$1.10 in the short term. Momentum indicators indicate a bullish sentiment, but Tezos still faces strong resistance levels before confirming a full trend reversal.
In the Tezos blockchain ecosystem, the network continues to take strategic steps to expand its developer base and NFT presence. The launch of Etherlink, an EVM-compatible level 2 solution built on Tezos, is attracting attention from game developers and DeFi projects looking for a scalable environment with low fees.
In particular, John Smedley's studio recently raised $30.5 million for the development of a new blockchain-based shooter on Etherlink, indicating a rise in gaming activity within the Tezos ecosystem.
One of the latest developments is Midas, a tokenization company that has introduced two new DeFi products — mMEV and mRe7YIELD — on the EVM-compatible Etherlink platform, an extended version of Tezos at level two. These products aim to provide market-neutral institutional-level DeFi access, which is a step towards attracting professional investors into the Tezos ecosystem.
In the payments sector, Lyzi, a cryptocurrency payment service based on Tezos, recently raised $1.4 million to expand its retail offering, indicating the growing use of Tezos as a settlement layer for everyday transactions. This move enhances Tezos's appeal in real commerce, where low fees and sustainable development remain competitive advantages.
Tezos is also actively involved in the tokenization of RWA. The launch of Uranium.io by Trilitech in partnership with Archax and Cameco has enabled the introduction of tokenized uranium oxide (U3O8) on the blockchain. This initiative opens up uranium markets to retail investors, traditionally accessible only to large institutional players, and demonstrates Tezos's ability to host innovative assets backed by commodity assets.
In terms of adoption, Tezos maintains a strong position in the art and collectibles market, recently participating in the Art Basel exhibition in Basel, showcasing blockchain-based digital artworks. The ongoing integration with traditional art institutions and major NFT marketplaces continues to position it as a leader at the intersection of culture and blockchain.
Looking ahead, the price trajectory of XTZ will largely depend on the success of the Etherlink implementation, the growth of the NFT ecosystem, and the network's ability to attract high-yield DeFi protocols to compete with larger smart contract platforms.
A breakout above $1.10 could create conditions for a longer rally to $1.50 by the end of 2025, while a bounce from the current resistance level could lead to consolidation around $0.80.
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