Tezos Poised to Continue the Rally
Tezos (XTZ) is trading flat at $0.614 this week, underperforming the broader crypto market as Bitcoin (BTC) rises by 2.0% to $106,200. The token appears to be consolidating after breaking through key resistance at $0.600. It reached a recent high of $0.700 on May 13—the highest level since March 28—before pulling back to retest the new support zone.
This retest suggests a potential continuation of the upward trend. Momentum is supported not only by improving overall market sentiment but also by the recent Rio upgrade, which enhances staking flexibility, bolsters Layer 2 development, and strengthens the validator framework. With these developments in place, XTZ may continue its upward trajectory toward the next target at $0.800, representing a potential 30% gain from current levels.
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