DoubleZero Hits Monthly High Amid Market Recovery
The cryptocurrency market is abuzz with DoubleZero (2Z) making significant waves. After trading within an ascending channel and holding its ground at the $0.11 support level, the altcoin surged to a monthly high of $0.14 before encountering a minor pullback. At the time of writing, DoubleZero is trading at $0.137, marking a 10.9% gain within 24 hours, with its market cap also rising to $486 million. The asset has reclaimed its position within the top 100 cryptocurrencies, driving enthusiasm among investors and traders alike.
What Sparked DoubleZero’s Rally?
The surge in DoubleZero’s price can largely be attributed to Grayscale’s inclusion of the altcoin in its “Assets Under Consideration” list for Q1 2026. The announcement signified a boost in market confidence as investors saw potential in 2Z’s utility within decentralized physical infrastructure networks (DePIN) and tokenization. Following the listing, trading interest spiked, fueling upward momentum. Derivative volumes surged to $46 million before stabilizing at $44 million, and Open Interest (OI) increased by 13.4% to $17.48 million, reflecting increased participation in the 2Z futures market.
Investment Indicators Reflect Strong Demand
According to CoinGlass, the Long Short Ratio of DoubleZero remains above 1 at 1.14, indicating that the majority of market participants are bullish. Similarly, the Directional Movement Index (DMI), which climbed to 47, suggests sustained investor confidence and significant market demand. Key metrics like positive Netflow ($7.65 million in inflows compared to $7.27 million in outflows over three days) further confirm active profit-taking behavior, keeping excitement high for 2Z’s future performance.
What’s Next for DoubleZero?
The bullish scenario for DoubleZero can further strengthen if demand remains consistent. Analysts predict that sustained buying pressure could push the price to $0.15 — a major psychological level for investors. However, challenges remain, including potential sell-offs driven by profit-takers. For DoubleZero to maintain its upward trajectory, it must hold above the critical Parabolic SAR support at $0.11.
Investors’ Opportunity: Add DoubleZero to Your Watchlist
As market players eagerly monitor DoubleZero’s journey, now is an excellent time to explore trusted platforms for in-depth tracking and analysis. Coinbase, for instance, offers a beginner-friendly solution for buying, selling, or holding cryptocurrencies like DoubleZero. Always conduct thorough research before making investment decisions, as the crypto space is inherently volatile.
Conclusion: Is $0.15 a Realistic Target?
DoubleZero appears poised for a strong performance in the near term, with its Grayscale addition serving as a catalyst for optimism. While risks like profit-taking and exchange inflows pose challenges, the altcoin’s current momentum and market sentiment suggest that crossing the $0.15 threshold is achievable. Investors are advised to stay updated on market developments and use tools like TradingView for real-time analysis and trend tracking.
