- Tezos price jumped 20% to $0.69 and could climb further amid an altcoin rebound.
- XTZ bulls may target gains above $1 as the Etherlink layer-2 platform gains traction.
- Tezos traded above $1 in July 2025.
Tezos (XTZ) is one of the standout performers among the top 100 cryptocurrencies by market capitalization today, with the token posting an impressive 20% price increase over 24 hours.
Those gains pushed XTZ to a high of $0.69 on November 7, 2025, the highest level in more than a month.
While the broader mid-cap altcoin rally helped lift Tezos, momentum is also building around key ecosystem developments on the blockchain.
Etherlink, a layer-2 solution that continues to drive ecosystem expansion and real-world asset (RWA) integrations, has recently reached another milestone.
XTZ’s upward move was also bolstered after exchanges such as MEXC added deposits and withdrawals on Etherlink, increasing access and liquidity for the Tezos 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 multiweek high with 20% surge
XTZ climbed more than 20% to reach a multiweek high of $0.69 during early trading on November 7, 2025.
The move highlights growing buying pressure after a period of consolidation in which XTZ traded in a narrow range between $0.56 and $0.62 since mid-October.
Markets turned sour at the start of November and bears briefly dominated, pushing XTZ down to a low of $0.50 before the price rebounded and retested the $0.60 area ahead of the latest advance.
Short-term technical indicators favor buyers. A bullish crossover on the moving average convergence divergence (MACD), with the histogram shifting positive, gives momentum to the upside.
Meanwhile, the relative strength index (RSI) has risen to around 60, well below overbought territory above 70. A breakout from a descending wedge pattern is also possible.
Tezos XTZ chart via TradingView
If bulls hold their gains and benefit from the broader market rebound, XTZ could retest the July 2025 highs near $1.07. A break above that level could open the path to higher targets for buyers.
XTZ benefits as Etherlink powers tokenized uranium trading
Part of Tezos’s renewed momentum stems from adoption news tied to Etherlink, its EVM-compatible layer-2 network.
Etherlink’s popularity within decentralized finance (DeFi) and real-world asset markets has reached new heights.
The layer-2 has seen a sharp increase in total value locked (TVL) after strategic integrations, including liquidity work with Curve Finance for stablecoins and the LBTC liquid staking token integration from Lombard for Bitcoin exposure.
On November 6, Etherlink gained further traction in the emerging sector of tokenized uranium.
Uranium.io, a Tezos-powered decentralized application developed with UK-regulated custodian Archax and uranium trader Curzon, unveiled its first tokenized physical uranium assets.
These tokenized assets can now be used across DeFi as collateral for borrowing, opening new utility and liquidity pathways.
The development could attract increased institutional interest in the Tezos ecosystem as DeFi and RWA adoption expands, potentially supporting further demand for XTZ.