- Tezos price jumped 20% to $0.69 and could edge higher amid an altcoin bounce.
- XTZ bulls could target gains to above $1 amid traction for the Layer 2 platform Etherlink.
- The Tezos price traded above the $1 mark in July 2025.
Tezos (XTZ) is among the standout performers in the top 100 cryptocurrencies by market cap today, with the token’s price seeing an impressive 20% price surge in 24 hours.
Gains have allowed XTZ bulls to hit highs of $0.69 on November 7, 2025, the highest level in over a month.
While the overall uptick in medium cap altcoins points to Tezos’ price gains, the blockchain platform has notable momentum down to key events within its ecosystem.
Its Layer 2 solution, Etherlink, which continues to drive ecosystem expansion and real-world asset (RWA) integration, boasts yet another milestone.
Gains for XTZ have also come after crypto exchange MEXC added deposits and withdrawals on Etherlink.
Another step forward for Etherlink adoption.@MEXC_Official now supports tez deposits and withdrawals on Etherlink, expanding access and liquidity for Tezos’ EVM-compatibility layer.
Deposits: Nov 5, 2025 – 10:00 UTC
Withdrawals: Coming soon pic.twitter.com/jyf9ut94UX— Etherlink (@etherlink) November 5, 2025
Tezos touches multi-week high with 20% spike
Tezos’ XTZ climbed more than 20% to reach a multi-week high of $0.69 during early trading sessions on November 7, 2025.
Key move outlines bullish potential as buyers build from recent consolidation, where XTZ had traded in a narrow range between $0.56 and $0.62 since mid-October.
Notably, bears had taken control as cryptocurrencies began Nov on a losing streak.
XTZ dropped to lows of $0.50, but the price rebounded and retested the $0.60 area before climbing further.
As for what’s next for Tezos, technical indicators reveal a bullish short-term picture.
A crossover in the Moving Average Convergence Divergence (MACD), with the histogram flipping positive, gives buyers the upper hand.
Meanwhile, the Relative Strength Index (RSI) has climbed to 60, but is not extended into the overbought territory above the 70 threshold. There’s also a possible falling wedge pattern breakout.
If bulls hold onto gains and benefit from an overall market flip upwards, XTZ could eye a retest of July 2025 highs of $1.07. Above this, buyers may target $1.50.
XTZ gains as Etherlink powers tokenized Uranium trading
Amid Tezos’ latest momentum is bullish adoption news related to Etherlink, its EVM-compatible Layer 2 network.
Etherlink’s traction in the decentralized finance (DeFi) and real-world assets RWA market has reached a new milestone.
The L2 has seen its Total Value Locked (TVL) surge amid strategic integrations, including with Curve Finance for stablecoin liquidity and Lombard’s LBTC Bitcoin liquid staking token.
On November 6, Etherlink gained further traction in the burgeoning tokenized uranium sector.
Uranium.io, a decentralized application powered by Tezos, UK-regulated custodian Archax and uranium trader Curzon, has unveiled the first tokenized physical Uranium asset.
Users across DeFi can now tap into the asset as collateral for loans.
The impact on XTZ could include institutional interest in the Tezos ecosystem amid DeFi and RWA adoption.
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