- The Tezos price briefly climbed above $0.63 before retreating below $0.59.
- Momentum appeared to fade despite TenX announcing it had acquired XTZ.
- Technically, a breakdown below $0.50 could trigger “further pain” for bulls.
Tezos (XTZ) saw a short-lived rally earlier this week amid favorable corporate adoption news, pushing the price above $0.63.
However, as major cryptocurrencies struggled, the pullback to $0.59 lows left bulls under increasing downward pressure.
Sellers could target a slide to a critical support zone, and broad market uncertainty suggests the possibility of further losses.
Why did XTZ rise while top coins were falling?
Bitcoin dropped below $90,000 on Tuesday, dragging much of the crypto market down as liquidations cascaded across the ecosystem.
Yet when ETH, XRP and Solana all plunged, Tezos bucked the trend and climbed above $0.63.
The gains continued into early Wednesday as the market processed announcements from TenX, a publicly listed blockchain infrastructure company.
TenX disclosed that it had purchased 5.54 million XTZ tokens at an average price of $0.5868.
The acquisitions were made on the open market and via over‑the‑counter trades between January 2 and January 19, 2026.
Valued at roughly $3.25 million and funded by a financing round in August 2025, the purchases are part of a strategic staking partnership with the Tezos Foundation.
According to the company, the arrangement aims to strengthen TenX’s validator operations on the Tezos network, targeting staking yields of 8–10% while enhancing 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 upgradeability, and we want TenX to align with ecosystems that reflect that.”
Tezos price outlook – can bulls hold above $0.50?
XTZ’s technical picture shows a precarious balance on both daily and weekly charts, with $0.50 emerging as a key psychological and structural support level.
Indicators such as the daily RSI around 56 point to momentum that could offset the bearish case.
However, the MACD signals potential selling pressure, which could be amplified by high volatility in altcoins.
On the weekly chart, the longer‑term bullish trend remains intact.
On the daily timeframe, XTZ sits above $0.59 but faces resistance at the $0.63 level.
The 50‑day EMA near $0.54 provides meaningful support, yet a failure to hold this zone could accelerate declines toward $0.54 and below.
Bulls need to defend $0.50 to avoid a deeper downtrend that could push prices toward $0.42.
Tezos last traded at these levels at the end of 2025, following a breakdown after piercing the 50‑day EMA at $0.63.