- Tezos price trades near $0.60 amid a 4% gain over the past 24 hours.
- XTZ eyes a potential rebound above $0.70 as cryptocurrencies target further upside.
- If buying pressure holds, bulls could aim for $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 past 24 hours helping bulls keep the price above a key level.
Although broader market sentiment remains fragile, Tezos could benefit from rising on-chain activity and growing developer and investor interest.
Tezos price jumps 4% as bulls show resilience
XTZ has demonstrated resilience recently, driven in part by notable growth in DeFi activity on the network.
Latest market data highlights more than a 4% rise in Tezos price over the last day, occurring as buyers accumulate around the $0.60 area.
Bullish momentum even helped buyers retest the $0.62 boundary.
The bullish trend 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 such as Etherlink and Google Cloud.
Recent announcements have highlighted that builders on Etherlink who received grants from the Tezos Foundation are eligible for Google Cloud’s Web3 Startup Program, unlocking substantial cloud credits, engineering support and go-to-market opportunities.
Last week, the Tezos team shared key ecosystem metrics showing broad growth.
Among the highlights, Etherlink’s total value locked (TVL) surpassed $70 million, while Tezos DeFi TVL topped $36.7 million.
The blockchain also recorded a quarter-over-quarter increase in value of 22.5%, and Etherlink processed more than 20.5 million transactions.
Research firm Messari emphasized Etherlink as central to Tezos’ future scaling, noting that many new integrations, liquidity programs and incentives are launching on Etherlink because it represents the canonical rollup runtime environment for Tezos.
Messari published its report at the end of September.
Notably, this robust on-chain activity coincided with increasing 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, a factor that could boost investor confidence and support XTZ’s price.
Tezos price outlook: Is $1.50 next for XTZ?
Currently, XTZ trades near $0.59 with a 24-hour gain of about 3.3%.
Data shows the altcoin has pulled back slightly from an intraday high of $0.62.
However, bulls are working to prevent bears from pushing the price back toward intraday lows around $0.57.
Tezos price chart from TradingView
Technically, Tezos sits near the resistance line of a descending wedge formation.
Bulls have retested the $0.70 area in recent weeks, and a rebound into that zone could open the door for a move toward the $1.20–$1.57 range.
The daily RSI shows potential divergence and is currently near neutral at the time of writing.
XTZ is gaining strength around $0.62 amid rising volume, indicating buyers may be positioning for an extended upside move.