- Tezos price trades near $0.60 amid a 4% rise over the past 24 hours.
- XTZ targets a potential rebound above $0.70 as the broader crypto market heads for gains.
- If buying pressure persists, bulls could set their sights on $1.50, supported by multiple bullish catalysts.
Tezos (XTZ) is among the altcoins showing early signs of a possible rebound. A 4.4% gain in the last 24 hours has helped bulls hold the price above a key level.
Although overall market sentiment remains fragile, Tezos could benefit from increased on-chain activity and growing interest from developers and investors.
Tezos price rises 4% as bulls demonstrate resilience
Notably, XTZ has shown resilience as Tezos records meaningful DeFi growth.
Market data highlights a more than 4% increase in Tezos price over the past day, occurring as buyers accumulate around the $0.60 level.
Bullish momentum even helped push the price back to test the $0.62 area.
Bullish momentum has been supported by several positive developments, including a partnership between the Tezos Foundation and the Museum of the Moving Image, and growing excitement around collaborations like Etherlink’s integration with Google Cloud.
Builders on Etherlink who received grants from the Tezos Foundation are now eligible for the Google Cloud Web3 Startup Program, gaining access to cloud credits, engineering support, and go-to-market resources.
Last week, the Tezos team shared key ecosystem metrics that showed growth.
Among the highlights, Etherlink’s total value locked (TVL) rose above $70 million, while Tezos DeFi TVL exceeded $36.7 million.
The blockchain network posted a 22.5% quarter-over-quarter increase in value, and Etherlink processed more than 20.5 million transactions.
Analytics platform Messari emphasized Etherlink’s role in Tezos’ future scaling, noting that many new integrations, liquidity programs, and incentives are being launched on Etherlink because it represents a primary path for rollup-based scaling.
Messari published its report at the end of September.
Strong on-chain activity has been driven by user adoption across key protocols such as Curve, Superlend, Midas, Youves, and Sirius.
The rise in TVL and transaction volume suggests builders are actively expanding within the Tezos ecosystem, which may bolster investor confidence and help XTZ establish firmer price levels.
Tezos price forecast: Is $1.50 next for XTZ?
XTZ currently trades around $0.59, reflecting a 24-hour gain of more than 3.3%.
Data shows the altcoin has pulled back slightly from intraday highs near $0.62.
However, bulls are trying to prevent bears from revisiting the intraday lows around $0.57.
Tezos price chart by TradingView
From a technical perspective, Tezos is trading near the resistance line of a descending wedge pattern.
Bulls have revisited the $0.70 area in recent weeks, and a successful rebound there could set the stage for a move toward the $1.20–$1.57 range.
The daily RSI shows potential divergence and currently hovers near the neutral level, suggesting room for further momentum if buying continues.
XTZ is trading near $0.62 on rising volume, a sign that buyers may be preparing for an upward extension of the current recovery.