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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.

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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.

The post Axie Infinity surges past $2 as GameFi market revives, but caution looms appeared first on CoinJournal.

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TRON extends downturn from $0.32 on broader crypto woes

  • TRON (TRX) has extended its decline amid a widespread cryptocurrency market pullback.
  • Prices have dropped further from recent highs near $0.32 and could slide to lows of $0.25.
  • Market conditions, including Bitcoin’s performance, will dictate overall movement.

Latest market data shows the TRON token slipping below key support levels at $0.30, with this coming amid downward pressures related to geopolitical and macroeconomic uncertainty.

This comes as reduced risk appetite impacts top coins. Broader market losses tied to jitters around souring US-EU trade relations have spooked investors.

On Tuesday, Bitcoin dropped below $90,000 and briefly slid to $87,800.

Ethereum slid to under $3,000 amid sharp losses for US stocks, while Solana, BNB and XRP all fell below key support levels.

TRON price slips below $0.30

As crypto caught a bid last week, TRON’s price jumped to $0.32.

However, with bulls retreating across the market, the altcoin has once again breached the critical $0.30 support level.

Volume-driven selling has accelerated the drop, with the token now trading near $0.29 as of writing.

The 24-hour trading volume is up 22% to over $770 million.

This slip echoes patterns seen in late 2025, when TRX hovered around $0.28 to $0.30 amid similar market hesitancy.

While the token showed signs of pulling higher,  it generally has underperformed the broader crypto index.

The repeated test of the psychological support and resistance zone highlights indecisiveness.

Technical analysis: What next for TRON?

TRX displays weakening bullish momentum on the daily chart.

As can be seen,  the MACD signals a reversal with the histogram contracting.

Meanwhile, an RSI near 47 signals a potential acceleration towards oversold territory.

On the daily chart above, we can see the TRX price rose as RSI climbed to hit overbought conditions.

The pullback follows these gains and points to profit-taking.

Declines have pushed prices below the support line of a narrow ascending channel, and failure to reclaim $0.30 could allow bears to target lower supports at $0.25.

The 50-day exponential moving average currently acts as key reload zone near $0.29.

TRON Price Chart
TRON price chart by TradingView

As such, upside potential remains if buying interest rebounds amid broader market recovery.

Bulls’ first targets lie in the $0.32-$0.33 resistance zone. Short term, with momentum hinging on broader market conditions, will see bulls eye $0.38 and $0.50.

How BTC navigates the negative terrain is crucial for altcoins, as an extension of bearish price action spells doom for buyers across the crypto market.

The post TRON extends downturn from $0.32 on broader crypto woes appeared first on CoinJournal.

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Bitcoin touches lows of $87,800 as gold hits new record high

  • Bitcoin fell to lows of $87,800 on Tuesday before bouncing to above $89,000.
  • Losses for BTC came as gold hit new record high above $4,870.
  • Galaxy Digital CEO Mike Novogratz says bulls need to take out bears around $100,000-$103,000.

Bitcoin dipped to around $87,800 on Tuesday, breaking lower as risk assets struggled.

However, amid waning investor confidence in the bellwether digital asset, gold has surged to new record highs.

Industry heavyweight Mike Novogratz says the flagship digital asset needs to reclaim the $100,000 mark to resume its uptrend.

Bitcoin price bounces off $87,800 low

Broader market uncertainty, including geopolitical tensions, has kept Bitcoin below the psychologically important $100,000 level.

In the latest session, the cryptocurrency slipped under $90,000, with data from CoinMarketCap showing intraday lows of $87,814 on major exchanges.

Bitcoin’s rally earlier this year was driven by strong institutional demand, but that momentum has eased in recent weeks.

In contrast, gold has climbed to fresh record highs above $4,870, reinforcing its role as a safe-haven asset amid heightened geopolitical risks and ongoing macroeconomic pressures.

Mike Novogratz, the outspoken CEO of Galaxy Digital Holdings, weighed in on Bitcoin’s current woes via a post on X.

Novogratz, a veteran Wall Street trader turned crypto evangelist,  notes that Bitcoin could regain its upward momentum if bulls reclaim the $100,000-$103,000 level.

“The gold price is telling us we are losing reserve currency status at an accelerating rate.   The long bond selling off is not a good sign either,” he posted on X. “BTC is disappointing as it is still being met with selling.  I will reiterate it has to take out 100-103k to regain its upward trend. I think it will, in time.”

Bitcoin price technical outlook

From a technical perspective, the declines have pushed prices beneath the critical 61.8% Fibonacci retracement level calculated from its April low of $74,400 to October’s record peak of $126,198.

Bears have also breached the key support zone at the 50-day Exponential Moving Average (EMA) at $92,066 and a prior upper consolidation boundary near $90,000.

Bitcoin Price Chart
Bitcoin price chart by TradingView

Other technical signals reinforcing the pessimistic outlook include the Relative Strength Index (RSI), which currently stands at 42.

Notably, the Moving Average Convergence Divergence (MACD) indicator has also flashed a bearish crossover, suggesting sellers are in control.

Volume profiles indicate thinning buying interest, which could exacerbate downside risks if headwinds persist.

A sustained close below $87,700 could accelerate the downturn toward the lower channel boundary at $85,450.

The demand reload zone aligns with the 78.6% Fibonacci retracement level.

The post Bitcoin touches lows of $87,800 as gold hits new record high appeared first on CoinJournal.