Tezos price view as momentum fades above key level
The price of Tezos rose above $0.63 before retreating below $0.59. Although TenX added to XTZ, the momentum seems to have faded. From a technical perspective, a break below $0.50 could cause “more pain” for bulls.
Tezos (XTZ) experienced a brief spike earlier this week amid positive corporate adoption news, rising to $0.63.
However, with major cryptocurrencies struggling, a pullback to the $0.59 low would add downward pressure to the bulls.
Sellers may be eyeing a return to a critical support level, and broader market volatility suggests more pain may follow.
Why did the price of XTZ rise when the top coins fell?
Bitcoin fell below $90k on Tuesday, as liquidity in the ecosystem sent much of the crypto market lower.
But as ETH, XRP and Solana all entered, Tezos bucked the trend when the price rose above $0.63.
The gains continued into early Wednesday as the market welcomed announcements from publicly listed blockchain infrastructure firm TenX.
We are pleased to announce the addition of Tez ($XTZ) as part of our strategic staking partnership with @TezosFoundation.
This investment supports our validation efforts on the @tezos network and reflects our broader recurring revenue generation strategy… pic.twitter.com/QlYeHZ6VsC
— Tsss-V: idunc (@UTECOCOCOCOC Thinking) March 20, 2026.
TenX revealed that it has acquired 5.54 million XTZ tokens at an average price of $0.5868 each.
Purchases occurred in open market and over-the-counter transactions between January 2 and January 19, 2026.
The acquisition is valued at approximately $3.25 million and is part of a strategic equity partnership with the Tezos Foundation, funded by an August 2025 financing round.
According to details, the deal aims to strengthen TenX's validator operations on the Tezos network, generating 8-10% higher yield while enhancing the network's security and decentralization.
“This is a long-term value decision, not a short-term business,” said Mat Cybula, CEO of TenX.
He added:
“Tezos is built to last and improve, and we want TenX to fit into ecosystems that reflect that.”
Tezos Price View – Can Bulls Hold Above $0.50?
XTZ's technical picture shows an unexpected balance on the daily and weekly charts, with $0.50 emerging as critical psychological and structural support.
Indicators like daily RSI at 56 signal momentum can throw bearish views.
However, the MACD indicates potential selling pressure for altcoins to increase volatility.
On the weekly chart, the bullish long-term trend remains.
On the daily timeframe, XTZ hovers above $0.59, but faces resistance at the $0.63 level.
The 50-day EMA around $0.54 provides a strong base of support, but a failure in this zone could accelerate a decline to $0.54.
Bulls need to defend $0.50 to avoid further decline towards $0.42 lows.
Tezos last traded at these levels in 2018. At the end of 2025, the price declined after breaking the 50-day EMA at $0.63.
