- Tezos price climbed above $0.63 before retreating to below $0.59.
- Momentum appeared to fade despite rumors that TenX would add XTZ.
- Technically, a break under $0.50 could trigger “additional pain” for bulls.
Tezos (XTZ) saw a brief rally earlier this week following positive adoption news from a corporates, briefly pushing prices above $0.63.
However, with major cryptocurrencies struggling, the pullback toward $0.59 has left bulls facing growing downside pressure.
Sellers could target a retreat to a critical support level, and broader market uncertainty suggests further challenges may follow.
Why did XTZ rise while the most popular coins were falling?
Bitcoin dropped below $90,000 on Tuesday, dragging much of the crypto market lower as liquidations spread across the ecosystem.
While ETH, XRP and Solana all declined, Tezos bucked the trend and climbed above $0.63.
Gains continued into Wednesday as the market processed announcements from TenX, a publicly listed blockchain infrastructure company.
TenX disclosed that it acquired 5.54 million XTZ tokens at an average price of $0.5868 each.
Those purchases were completed via open-market and over-the-counter transactions carried out between January 2 and January 19, 2026.
The acquisition, worth roughly $3.25 million and funded by cash from a funding round in August 2025, is part of a strategic staking partnership with the Tezos Foundation.
According to the statement, the agreement intends to bolster TenX’s validation operations on the Tezos network, generating staking yields in the 8–10% range while strengthening network security and decentralization.
“This is a long-term value decision, not a short-term trade,” said Mat Cybula, CEO of TenX.
He added: “Tezos is built for sustainability and upgradability, and we want TenX to align with ecosystems that reflect those qualities.”
Tezos price outlook — can buyers hold above $0.50?
XTZ’s technical setup shows a delicate balance on daily and weekly charts, with $0.50 emerging as a key psychological and structural support.
Indicators such as the daily RSI around 56 point to momentum that could challenge bearish scenarios.
However, the MACD signals potential selling pressure, which could be amplified by heightened volatility among altcoins.
On the weekly chart, the longer-term uptrend remains intact.
On the daily timeframe, XTZ is holding above $0.59 but faces resistance near $0.63.
The 50-day EMA, around $0.54, provides a solid support base; failure to hold this area could accelerate declines toward $0.54 and below.
Bulls must defend $0.50 to prevent a deeper drop that could push prices toward $0.42.
Tezos had not traded at these levels since late 2025, after prices slipped back following a brief move above the 50-day EMA at $0.63.