- Tezos price surged 20% to $0.69 and could climb further amid an altcoin upswing.
- XTZ bulls may target moves above $1 as Layer 2 platform Etherlink gains traction.
- Tezos traded above the $1 mark in July 2025.
Tezos (XTZ) is among the notable cryptocurrencies in the top 100 by market capitalization today, with the token posting an impressive 20% gain over 24 hours.
These gains allowed XTZ bulls to push the price up to $0.69 on November 7, 2025, marking the highest level in over a month.
While a broader rebound in mid-cap altcoins has supported Tezos’ advance, the blockchain platform also carries clear momentum ahead of several ecosystem milestones.
Its Layer 2 solution, Etherlink, which continues to expand the ecosystem and integrate real-world assets (RWA), reached another milestone driving this momentum.
XTZ’s rally was further supported after crypto exchange MEXC added Etherlink deposits and withdrawals, increasing access and liquidity for the EVM-compatible layer.
🌐 Another step forward for Etherlink adoption.@MEXC_Official now supports tez deposits and withdrawals on Etherlink, expanding access and liquidity for Tezos’ EVM-compatibility layer.
🔹 Deposits: Nov 5, 2025 – 10:00 UTC
🔹 Withdrawals: Coming soon pic.twitter.com/jyf9ut94UX— Etherlink 🔗 (@etherlink) November 5, 2025
Tezos hits multi-week high with 20% surge
XTZ climbed more than 20%, reaching a multi-week high of $0.69 during early trading on November 7, 2025.
This decisive move highlights upside potential as buyers build on recent consolidation; XTZ had traded in a tight range between $0.56 and $0.62 since mid-October.
Earlier in the period, bears took control as cryptocurrencies began November under pressure.
XTZ dropped to a low of $0.50 before recovering to test the $0.60 area and then push higher.
Looking ahead, technical indicators paint a bullish short-term picture for Tezos.
A Moving Average Convergence Divergence (MACD) crossover with the histogram turning positive gives buyers the edge.
Meanwhile, the Relative Strength Index (RSI) has risen toward 60 but remains below the overbought threshold above 70. There is also the potential for a breakout from a descending wedge formation.
If bulls sustain gains and benefit from a broader market reversal, XTZ could retest July 2025 highs near $1.07. Above that level, buyers may set sights on $1.50.
XTZ rises as Etherlink drives tokenized uranium trading
Alongside Tezos’ latest momentum, bullish adoption news has centered on Etherlink, its EVM-compatible Layer 2 network.
Etherlink’s traction in DeFi and real-world asset integration has reached a new milestone.
The Layer 2 has seen Total Value Locked (TVL) increase amid strategic integrations, including partnerships that enhance stablecoin liquidity and liquid staking token opportunities.
On November 6, Etherlink made further inroads into the nascent tokenized uranium sector.
Uranium.io, a decentralized application built on Tezos, together with the UK-regulated custodian Archax and uranium trader Curzon, launched the first tokenized physical uranium asset.
DeFi users can now utilize that asset as collateral for lending, opening new use cases within the ecosystem.
The development may attract institutional interest to the Tezos ecosystem as DeFi and RWA adoption progress, potentially supporting further demand for XTZ.