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Tezos may be finally waking up thanks to the broader market’s bullishness. Especially after Tezos closed with higher highs for two consecutive days, breaking above its descending resistance trendline.
In doing so, the altcoin rallied from $0.24, flipped its $0.3 resistance, and hit a high of $0.38 for the first time since May.
At the time of writing, Tezos was trading at around $0.34 following a 30% surge on the daily charts. Over the same period, the altcoin’s trading volume skyrocketed by 878% to $68 million. This may be evidence of high market activity and steady capital flows.
Tezos’s post-quantum code goes live
Besides the improvement in market sentiment, Tezos [$XTZ] pumped in part due to a recent ecosystem development. According to Tezos commons, $XTZ’s post-quantum code has now gone live.
The post-quantum resilient DAL shownet is an experimental network with 12 bakers and 14 DAL nodes. Roomsburg noted that this moves post-quantum work into a live test for Tezos builders. The shownet will replace quantum vulnerable KZG polynomial commitment. The shift will enable developers to test infrastructure through RPC endpoints.
However, Roomsburg also stated that with the shownet now running, the real test will be whether it holds up.
On the flip side, this development also attracted new users to the network. New users increased from 573 to 608. At the same time, a hike in user base also boosted transactions, with daily transactions rising to 121K.
Is risk appetite on its way back?
2026 has seen Tezos struggle significantly, with most of its demand drying up too. However, the shift in market sentiment has now incentivized traders, especially speculators, to return.
According to Coinglass, Tezos’s Open Interest climbed by 44% to $18.1 million, while the derivatives volume surged by 272% to $58 million.
Both OI and Volume rising in tandem may allude to strong participation and steady capital inflows. That may be why traders rushed to open strategic positions, either shorts or longs.
Meanwhile, the overall Long/Short Ratio has remained below 1 around 0.96. On the contrary, on exchanges such as Binance and OKX, the metric was above 1.
The ratio suggested that although investors have started to flip longs, the shift is not complete across all exchanges.
What’s next for $XTZ?
For now, Tezos’s short-term outlook is leaning bullish. The short-term upside momentum has been holding firm and is likely to extend itself.
If the demand across the market holds, $XTZ will reclaim $0.38, flip $0.4 in short term, and eye $0.5 in medium term.
However, speculative activity, when elevated, also means high price volatility. Thus, if speculation fades or bulls get flushed out, a drop below $0.3 could follow.
Final Summary
- Tezos [$XTZ] surged by 30%, flipped $0.3 resistance, and touched $0.38 for the first time since May.
- $XTZ’s post-quantum code is now live as Tezos seels to replace vulnerable KZG commitments.
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