- Tezos price trades at the lower half of the range after completely reversing the previous uptrend spike.
- On-chain metrics show bears are in profit while bulls have yet to capitulate.
- Invalidation of the bearish thesis is a breach above $1.45.
Tezo's XTZ price could become problematic for investors as the price is falling rapidly during the second trading week of November. Furthermore, on-chain metrics hint that a volatile move could arise. Key levels have been defined to gauge XTZ's next potential move.
Traders should keep the digital asset on their watchlists in the coming days.
Tezos price in limbo
Tezos price could be setting up for a sweep-the-lows event in the coming hours after a 5% spike on Friday, November 4. The highly scalable blockchain token completely reversed throughout the weekend, printing prices below the $1.50 zone.
Tezos price currently auctions at $1.35 as the bears are producing a penny-from-Eiffel-style decline on smaller time frames. The move south was catalyzed by a breach of the 8-day exponential moving average. The 21-day simple moving average failed to provide support shortly after. If market conditions persist, a sweep of the lows at $1.29 will be the first bearish target, and the October 12 swing low at 1.26 may also be in jeopardy.
XTZUSDT 1-Day Chart
Coinglass's Long vs. Short Ratio Indicator compounds the bearish idea. According to the indicator, 75% of all XTZ traders opened a long position during the rally on Friday, November 4. Tezos price traded between $1.35 and $1.44 at the time, which means bulls have much more decline to endure before capitulating.
Coinglass's Long vs.Short Indicator
Invalidation of the bearish thesis is a surpass of $1.45, based on the on-chain metrics. If the invalidation point is breached, an additional 10% hike could occur, targeting the psychological $1.50 zone.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
Recommended Content
Editors’ Picks

Ripple Price Prediction: How tokenized treasuries could accelerate XRP to $10 by end-2025
The adoption of cryptocurrency-related financial products, including tokenized treasuries, is on overdrive globally, with the focus now shifting to robust networks such as Ripple's XRP Ledger (XRPL).

Sei rallies as Wyoming selects protocol for WYST stablecoin pilot
Sei extends gains above $0.21, decoupling the token from the broader crypto market amid low sentiment and macroeconomic uncertainty. The Wyoming Stable Token Commission selects Sei Network as a candidate blockchain for the WYST, the first fiat-backed stablecoin issued by a US state.

Crypto Today: Bitcoin, Ethereum, XRP nudge higher as geopolitical tensions take a backseat
Bitcoin bulls step up, pushing the price above $106,000, as Trump said he would delay his decision about launching strikes on Iran for up to two weeks. Ethereum rebounds from the 200-day EMA support at $2,477 amid steady interest in the derivatives market.

Solana eyes trend reversal as bearish momentum bottoms out above $140
Solana experiences a minor uptick of under 1% at press time on Friday, with multiple long shadow candles forming above $140 as bearish momentum fades off. The optimism surrounding Solana is on the rise, as evidenced by the SOL Open Interest reaching a weekly high.

Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.