XTZ short-term surge followed by a pullback, can it hold the $0.50 support?

2026-01-21 13:20:09

Abstract generation in progress

【Crypto World】Tezos’s recent market performance has been quite interesting. After TenX announced a strategic staking partnership and purchased 5.54 million XTZ, the XTZ price once surged to $0.63, showing a good momentum. However, the good times didn’t last long, as the overall market downturn pulled the price back down, quickly falling below $0.59.

From a technical perspective, the key support level is at $0.50. If it breaks below this point, there could be further downside potential. For those optimistic about XTZ, $0.50 has become a psychological barrier. While institutional cooperation has brought short-term enthusiasm, whether it can stabilize amid the market decline depends on subsequent performance.

XTZ6.96%

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MevTears

· 9h ago

It's the old trick of institutions buying up the market and then dumping, can 0.50 really hold?

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GasFeeNightmare

· 9h ago

Late-night monitoring again, and I see this kind of dump drama... Jumping to 0.63 and then running away, I knew something was off. Now it's at the 0.50 support level. Do you guys want to gamble or not? It's another institutional buy-in, another strategic partnership, but after all, it still can't withstand the overall downturn. This wave is a bit dull. If 0.50 doesn't hold, I will completely give up on watching XTZ. Anyway, the time saved can be used to save on gas fees. That thing is the real money maker. Wait, TenX bought 5.54 million tokens? Shouldn't we calculate their average cost... I think I'm going to have insomnia again.

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MEVHunterX

· 9h ago

Institutional buying can't save the market either; this wave looks risky.

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FlashLoanLarry

· 9h ago

TenX's recent buy-in is just for show; the market still rules.

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memecoin_therapy

· 9h ago

Same old trick, institutions buy in to push prices up in the short term, retail investors chase the high and get caught. If 0.50 can't hold, it will directly drop to 0.40.

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PortfolioAlert

· 10h ago

Institutional buying can't save it either; if the market doesn't perform well, everything is in vain.

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