|

Tezos market update: XTZ/USD hits $1.37, the highest level since November 2018

  • Tezos (XTZ) remains the best performing coin out of top-20. 
  • The coin has gained nearly 13% in recent 24 hours. 

Tezos (XTZ) has been growing strongly lately.The 16h digital asset with the current market value of $865 million, Tesoz has gained over 12% in recent 24 hours to become the best-performing coin out of top-20. At the time of writing, XTZ/USD is changing hands at $1.34, down from an intraday high at $1.37. 

Tezos average daily trading volume is registered at $8 million, which is higher that the long-term figures. It is most actively traded against BTC on BitMax, while Kraken leads in terms of aggregate trading volumes denominated in USD. 

Looking technically, a move above $1.30 has improved the technical picture and unleashed strong bullish potential. The coin jumped above several technical levels and entered an uncharted territory as the last time it was trading that high in November 2018.  

As no fundamental reasons are readily available to explain the move, one may suggest that the rally is backed by speculations and technical factors.  

Considering a strong upside move, the coins is massively overbought and vulnerable to the downside correction. However, if it stays above $1.30, the upside momentum is likely to be resumed.  

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Bitcoin slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin price struggles below $90,000 on Friday, correcting nearly 5% so far this week. Trump’s Davos speech on Wednesday, backing away from imposing further tariffs on the EU, triggered market volatility and risk-on mood.

Ripple holds losses above $1.90 amid mild ETF inflows, muted retail interest

Ripple is trading under pressure, hovering above the immediate support level at $1.90 at the time of writing on Friday. Despite mild inflows into spot ETFs, XRP has declined for a second consecutive day, reflecting weak retail demand and persistent selling pressure.

Pump.fun sees bearish reversal despite buyback

Pump.fun trades below $0.0025 at the time of writing on Friday, after a nearly 7% decline from the 50-day Exponential Moving Average at $0.002601. The recent purchase of over $1 million in PUMP tokens failed to revive retail support, as PUMP futures continue to see capital outflow.

Crypto Today: Bitcoin, Ethereum, XRP face elevated downside risk amid weak technical setups

Bitcoin is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday. Ethereum and Ripple are facing low retail and institutional demand, while bearish indicators continue to flash subtle signals that losses may extend further.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin (BTC) is trading below $90,000 at the time of writing on Friday, down nearly 5% this week. Despite a brief improvement in risk appetite following US President Donald Trump’s mid-week speech at Davos, the Crypto King remains under pressure as institutional demand continued to weaken so far this week.