Tezos (XTZ) saw a price increase to over $0.63 following a strategic partnership announcement with TenX, before retreating to below $0.59. TenX, a blockchain infrastructure firm, acquired 5.54 million XTZ tokens, valued at approximately $3.25 million, as part of a staking partnership with the Tezos Foundation. This move aims to enhance TenX's validator operations and generate staking yields of 8-10%. Despite the initial surge, Tezos faces downward pressure, with a critical support level at $0.50. The technical outlook shows a precarious balance, with the daily RSI at 56 indicating potential momentum, while the MACD suggests possible sell pressure. Bulls need to maintain the $0.50 support to prevent further declines, potentially down to $0.42.