Tezos Is Seeking Ground for a Reversal
Tezos (XTZ) is down 9.9% this week to $0.717, outperforming the broader market, where Bitcoin (BTC) has plunged 16.5% to $80,000, briefly touching $78,220—its lowest level since November 10. The crypto market correction follows BTC’s overbought conditions after its Trump-driven rally, with further downside pressure fueled by renewed tariff threats from the former U.S. president.
Tezos has already fallen significantly and is now halfway to key support at $0.600, making further declines less likely. In a baseline scenario, XTZ is positioned for a recovery towards the $1.000 resistance.
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