Tezos challenges $0.3585 resistance as Anchorage Digital Bank adds Etherlink custody support

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Tezos jumps 3.76% today on upgrade news

Highlights

XTZ gains from Anchorage Digital Bank adding custody support for Etherlink, expanding institutional access and secure asset management.
The Ushuaia protocol upgrade introduces post-quantum signature support and a new account type, boosting security and adaptability for developers and institutions.
XTZ trades with short-term selling pressure but supported medium- and long-term trends, expected to fluctuate between $0.3029639 and $0.3756361 with a 64% probability of upside movement.

Institutional flows and protocol upgrade drive renewed confidence in XTZ

XTZ is benefiting from Anchorage Digital Bank’s addition of custody support for its Etherlink network, which broadens institutional access and reinforces secure asset management, encouraging greater participation from large-scale holders. Momentum was further supported by the recent activation of the Ushuaia protocol upgrade on June 30, which added post-quantum ML-DSA-44 signature support and introduced a new tz5 account type, according to Startupfortune. These advancements improve both the security and adaptability of the network, driving increased confidence among both developers and institutional users.

Volatile price action and mixed signals point to indecision despite strong buying momentum

On the technical front, XTZ/USD is positioned below the MA-20, while remaining above both the MA-50 on the hourly chart and the MA-200 on the daily timeframe. Immediate resistance is defined by the Ichimoku Kijun at $0.3585. Momentum indicators are mixed: MACD and ADX show strong buying momentum, but RSI is neutral at 50.3. Meanwhile, CCI and Bull/Bear Power favor sellers, and Stoch RSI has entered oversold territory. The price opened with a $0.0401 gap and is now trading close to today's low amid pronounced volatility. Diverging oscillator signals highlight ongoing market uncertainty and intraday weakness, contrasting with robust momentum readings.

Upside scenario outweighs risk as sideways movement expected in XTZ

In the near term, XTZ/USD is expected to fluctuate within a volatility band of $0.3029639 to $0.3756361 over the next two to three sessions. The upside scenario prevails with a 64% likelihood versus 36% downside probability, making further declines less probable. Baseline expectations point to sideways movement within the defined range. A clear break above the $0.3585 resistance would shift the outlook bullish, while a drop below the $0.303 support could trigger a bearish momentum shift.

Viktoras Karapetjanc, expert at Traders Union, sees XTZ supported by recent institutional developments and key protocol upgrades. He believes the addition of custody support from Anchorage Digital Bank significantly boosts the asset’s long-term credibility. Short-term price action remains volatile, but strong fundamental momentum offsets technical uncertainty. The analyst expects sideways movement within the defined range, with an upside bias as medium- and long-term signals strengthen. "XTZ is showing resilience as institutional-grade infrastructure grows, and innovative upgrades reinforce a bullish outlook for the coming sessions."

Earlier, analysts noted that Tezos was exhibiting strong technical momentum and consolidation, positioning it for potential breakout risk. The current mixed momentum signals combined with recent fundamental developments now suggest that traders should closely monitor the $0.3585 resistance level for a potential shift in market direction.

Source of Data: XTZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.