Tezos price outlook as momentum fades above a key level

  • Tezos price rose to above $0.63 before retreating to under $0.59.
  • Momentum looked to have faded despite news of TenX adding XTZ.
  • From a technical perspective, a break below $0.50 could trigger “further pain” for bulls.

Tezos (XTZ) experienced a brief surge earlier this week amid positive corporate adoption news, rising to above $0.63.

However, with top cryptocurrencies struggling, a retreat to lows of $0.59 leaves bulls facing mounting downward pressure.

Sellers might eye a pullback to a critical support level, and broader market uncertainties suggest further pain could follow.

​Why did XTZ price rise as top coins fell?

Bitcoin dropped to under $90k on Tuesday, pulling most of the crypto market lower as liquidations cascaded across the ecosystem.

But as ETH, XRP, and Solana all dipped, Tezos defied the trend as its price climbed to above $0.63.

Gains continued into early Wednesday as the market digested announcements from TenX, a publicly listed blockchain infrastructure firm.

TenX revealed it had acquired 5.54 million XTZ tokens at an average price of $0.5868 each.

Purchases occurred on the open-market and over-the-counter trades conducted between January 2 and January 19, 2026.

This purchase, valued at around $3.25 million and funded by cash from an August 2025 financing round, forms part of a strategic staking partnership with the Tezos Foundation.

According to details, the deal aims to bolster TenX’s validator operations on the Tezos network, generating staking yields of 8-10% while enhancing network security and decentralization.

“This is a long-term value decision, not a short-term trade,” Mat Cybula, CEO of TenX, noted.

He added:

“Tezos is built for sustainability and upgradability, and we want TenX to be aligned with ecosystems that reflect that.”

Tezos price outlook – Can bulls hold above $0.50?

The technical picture for XTZ reveals a precarious balance on both daily and weekly charts, with $0.50 emerging as a pivotal psychological and structural support.

Indicators like the daily RSI at 56 signal momentum that could shed the bearish outlook.

However, the MACD points to potential sell pressure, which could be compounded by high volatility across altcoins.

On the weekly chart, the bullish long-term trend remains.

Tezos Price Chart
Tezos price chart by TradingView

​On the daily timeframe, XTZ hovers above $0.59, but faces resistance at the $0.63 level.

The 50-day EMA around $0.54 offers a strong support base, but failure at this zone could accelerate declines toward $0.54.

Bulls must defend $0.50 to avert further downside, which potentially has a path to lows of $0.42.

Tezos last traded at these levels in late 2025, with prices having broken lower after breaching the 50-day EMA at $0.63.

The post Tezos price outlook as momentum fades above a key level appeared first on CoinJournal.

Axie Infinity surges past $2 as GameFi market revives, but caution looms

  • Axie Infinity (AXS) price jumps past $2 amid renewed GameFi investor interest.
  • On-chain data shows rising exchange balances and declining holders.
  • $2 remains a key support, with volatility and profit-taking signalling a looming pullback risk.

Axie Infinity (AXS) has staged an impressive comeback, surging past the $2 mark in the latest rally.

The token’s recovery has captured the attention of GameFi enthusiasts and investors alike.

This rebound comes amid a broader resurgence in the gaming and decentralised finance sector.

Strong AXS price recovery and market momentum

Over the past week, Axie Infinity (AXS) has jumped nearly 92%, highlighting renewed investor interest.

Today, in just 24 hours, the token rose by 19%, with its price currently at $2.406. This surge represents a strong rebound from the $1.06 low recorded earlier this week.

Axie Infinity surges past $2
Axie Infinity price chart | Source: TradingView

Furthermore, AXS’s market capitalisation now stands at $407 million, supported by over $1 billion in daily trading volume.

Such activity underscores the high liquidity and demand driving the current rally.

The rally is partly fueled by renewed optimism in the GameFi space.

Investors are increasingly attracted to projects like Axie Infinity that combine gaming with blockchain incentives.

South Korean traders, in particular, have contributed significantly to the token’s resurgence, trading AXS at a premium on major exchanges.

Additionally, the project’s development of the bAXS token has provided further momentum by promising new staking and ecosystem benefits.

On-chain data signals caution

Despite the bullish momentum, several on-chain indicators suggest caution.

The number of AXS holders has declined sharply in the past week, signalling profit-taking among investors.

Exchange balances have also risen slightly, indicating potential selling pressure that could slow or reverse gains.

Axie Infinity on-chain exchange flow
Source: Arkham

Meanwhile, weekly active addresses on the Ronin network remain below 10,000, showing that user growth has yet to fully recover.

Futures open interest for AXS has reached $130 million, the highest in three years, highlighting elevated speculative activity and liquidation risk.

Furthermore, the transaction flow data presents a mixed picture.

Some investors are withdrawing AXS from exchanges, signalling bullish sentiment.

Others are depositing tokens back onto exchanges, suggesting caution or potential profit-taking.

These conflicting signals emphasise that while the short-term rally is strong, market dynamics remain fragile.

Axie Infinity price forecast

Looking ahead, $2 serves as a critical support level for Axie Infinity.

A sustained move above this point could pave the way for further gains in the short term.

However, the declining holder count and high speculative activity suggest that volatility may persist.

Investors should monitor both trading volume and on-chain metrics to gauge market sentiment.

Long-term growth for Axie Infinity (AXS) will likely depend on revitalising user engagement and expanding its GameFi ecosystem.

Despite the impressive rebound, caution is warranted as the token navigates this critical phase.

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