Tezos (XTZ) Breaks Trendline, Targets $1.20 with 2x Rally Potential
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 17 2026- Technical Breakout: Tezos (XTZ) has broken the multi-month descending trendline at $0.61, confirming a bullish reversal with a spike in trading volume, indicating a shift from bearish consolidation to potential bullish expansion.
- Price Targets: If the price holds above the $0.57 support level, XTZ could see a 2x rally in the coming days, targeting $1.20, with the current RSI at 60 suggesting room for further upside.
- Delphi Upgrade: The Delphi upgrade has optimized gas fees, making the Tezos network more appealing for DeFi applications, which has contributed to an increase in total value locked (TVL) and strengthened its position in NFTs and institutional staking.
- Market Risks: Despite the positive technical outlook, failure to hold above the trendline could lead to a retest of lower supports around $0.50, necessitating investor vigilance regarding macro factors and market sentiment shifts.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
