- Tezos price trades near $0.60 after a 4% gain over the past 24 hours.
- XTZ could bounce toward $0.70 as cryptocurrencies aim for broader gains.
- If buying pressure persists, bulls may target $1.50, supported by several bullish catalysts.
Tezos (XTZ) is among the altcoins showing signs of a potential rally, with a 4.4% increase in the last 24 hours helping bulls keep 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 display resilience
XTZ has shown notable resilience amid meaningful DeFi growth on the Tezos network.
Recent market data indicate Tezos price rose more than 4% over the last day as buyers pushed toward the $0.60 mark.
Positive sentiment even allowed buyers to retest the $0.62 level.
Bullish momentum has been supported by a series of positive developments, including a partnership between the Tezos Foundation and the Museum of the Moving Image, and growing excitement around the Etherlink and Google Cloud collaboration.
Last week the Tezos team shared detailed ecosystem metrics showing clear growth.
Among those metrics, Etherlink’s total value locked (TVL) rose above $70 million, while Tezos DeFi TVL exceeded $36.7 million.
The blockchain recorded 22.5% quarter-on-quarter value growth, and Etherlink processed over 20.5 million transactions.
Blockchain research firm Messari highlighted Etherlink as central to Tezos’ future scaling, noting that these figures reflect a deliberate strategy rather than random spikes. Many new integrations, liquidity programs and incentives are launching on Etherlink because it represents the future of Tezos scaling—the first iteration of the canonical rollup model.
Messari published a report on Tezos’ state at the end of September, which emphasized these ecosystem trends.
Notably, robust network activity has coincided with user adoption across major protocols such as Curve, Superlend, Midas, Youves and Sirius.
The rise in TVL and transaction volumes suggests builders are actively expanding within the Tezos ecosystem—an important factor that can strengthen investor confidence and support XTZ’s price.
Price outlook for Tezos: Is $1.50 XTZ’s next target?
XTZ is currently trading near $0.59, reflecting a 24-hour gain of more than 3.3%.
Data show the altcoin’s value pulled back slightly from an intraday high of $0.62.
However, bulls are attempting to prevent bears from driving the price back to intraday lows around $0.57.
Tezos price chart from TradingView
From a technical perspective, Tezos is hovering near the resistance line of a descending wedge pattern.
Bulls have tested the area around $0.70 in recent weeks, and a successful bounce through that zone could open the path toward the $1.20–$1.57 range.
The daily RSI points to a potential divergence; at the time of writing the RSI sits close to neutral.
XTZ’s rise to $0.62 has been accompanied by increasing volume, which suggests buyers may be positioning for an extension of the upward reversal.