The post DoubleZero: Will 2Z target $0.15 after its 10% breakout? appeared on BitcoinEthereumNews.com. Since successfully holding the $0.11 support level, DoubleZeroThe post DoubleZero: Will 2Z target $0.15 after its 10% breakout? appeared on BitcoinEthereumNews.com. Since successfully holding the $0.11 support level, DoubleZero

DoubleZero: Will 2Z target $0.15 after its 10% breakout?

Since successfully holding the $0.11 support level, DoubleZero [2Z]o has traded within an ascending channel.

After closing at higher highs for consecutive days, DoubleZero finally broke out and climbed to a monthly high of $0.14 before a mild pullback. 

At press time, 2Z traded at $0.137, up 10.9% on the daily charts. Over the same period, its market cap rose 10.9% to $486 million and reclaimed a spot in the top 100 crypto rankings.

But why is DoubleZero waking up?

Grayscale adds DoubleZero to its 2026 watchlist

After it hovered around $0.11 for nearly a week, DoubleZero got a massive boost from Grayscale three days ago. 

Grayscale revealed the latest update to its Asset Under Consideration for the first quarter of 2026. The list included a diverse range of altcoins positioned to shape the firm’s future offering and market direction. 

Source: Grayscale

With its latest update, the firm expanded the “Utilities and Services” category by adding DoubleZero. By including 2Z, Grayscale signaled its focus on the growing influence of DePIN and tokenization in the market.

After the listing, market players took notice, and investors across the market were incentivized to take positions. 

Derivatives strengthen the upside momentum

After 2Z signaled a price recovery, investors rushed into the futures and chased the market, further strengthening upside momentum. 

According to CoinGlass, Derivatives Volume rose to $46 million and then fell back to $44 million, while Open Interest (OI) rose 13.4% to $17.48 million, as of writing. 

Source: CoinGlass

Usually, when OI and volume rise in tandem, it suggests increased participation and higher capital inflows. 

In fact, over the past three days, over $19 million has flowed into the futures market. On the 17th of January, DoubleZero saw $9.31 million in Futures Inflows compared to $8.86 million in Outflows. 

Source: CoinGlass

Meanwhile, the altcoin’s Long Short Ratio remained above 1 at around 1.14, suggesting that capital mostly flowed into long positions. Thus, most market participants are bullish and aggressively bet on price appreciation.

Can 2Z momentum hold?

DoubleZero broke out, as investors piled into the asset, following the altcoin’s recent listing on Grayscale’s 2026 watchlist.

As a result, the altcoin’s upside momentum strengthened. The Directional Movement Index (DMI) climbed to 47, while its ADX fell to 16, at press time.

Source: TradingView

Often, when this indicator rises to such levels, it suggests strong upside strength backed by significant demand. Such market behavior tends to support the continuation of the upside.

However, the price uptick created a perfect opportunity for profit takers. As a result, holders who had been underwater rushed into the market, increasing spending significantly.

Source: CoinGlass

In fact, over $7.65 million flowed into exchanges over the past three days, while Outflows held around $7.27 million. As a result, Netflow has remained positive over this period, reflecting sustained profit taking.

In fact, rising exchange inflows threaten the upside, and continued selling could push DoubleZero back to $0.12.

On the other hand, upside momentum remains strong. If recent demand persists, DoubleZero could climb to $0.15. This bullish scenario holds only if 2Z stays above its Parabolic SAR support at $0.11.


Final Thoughts

  • DoubleZero surged 10.9% to a monthly high of $0.14, then retraced to $0.137 at press time. 
  • Grayscale added DoubleZero to its Q1 2026 watchlist, amid the growing DePIN sector. 
Next: Senate Judiciary flags DeFi oversight ‘gaps’ in U.S. crypto bill 

Source: https://ambcrypto.com/doublezero-will-2z-target-0-15-after-its-10-breakout/

Market Opportunity
DoubleZero Logo
DoubleZero Price(2Z)
$0.1202
$0.1202$0.1202
+0.58%
USD
DoubleZero (2Z) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Steak ‘n Shake Adds $10 Million in Bitcoin Exposure Alongside BTC ‘Strategic Reserve’

Steak ‘n Shake Adds $10 Million in Bitcoin Exposure Alongside BTC ‘Strategic Reserve’

The post Steak ‘n Shake Adds $10 Million in Bitcoin Exposure Alongside BTC ‘Strategic Reserve’ appeared on BitcoinEthereumNews.com. In brief Restaurant chain Steak
Share
BitcoinEthereumNews2026/01/21 07:11
Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23

Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23

The post Saudi Awwal Bank Adopts Chainlink Tools, LINK Near $23 appeared on BitcoinEthereumNews.com. SAB adopts Chainlink’s CCIP and CRE to expand tokenization and cross-border finance tools. SAB and Wamid target $2.32T Saudi capital markets with blockchain-based tokenization plans. LINK price falls 2.43% to $22.99 despite higher trading volume and steady liquidity ratios. Saudi Awwal Bank has added Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Chainlink Runtime Environment (CRE) to its digital strategy. CCIP links assets and data across multiple blockchains, while CRE provides banks with a controlled framework to test and deploy new financial applications. The lender, with more than $100 billion in assets, is applying the tools to tokenized assets, cross-border settlement, and automated credit platforms. The move signals that Chainlink’s infrastructure is being adopted at scale inside regulated finance. Related: Chainlink’s Deal with SBI Is a Major Win, But Chart Shows LINK’s Battle at $27 Resistance Wamid Partnership Aims at $2.32 Trillion Markets In parallel, SAB signed an agreement with Wamid, a subsidiary of the Saudi Tadawul Group, to pilot tokenization of the Saudi Exchange’s $2.32 trillion capital markets. The focus is on equities and debt products, opening the door for blockchain-based issuance and settlement. SAB has already executed the world’s first Islamic repo on distributed ledger technology, in collaboration with Oumla earlier this year. That transaction gave regulators a template for compliant on-chain contracts. The Wamid deal builds directly on that precedent, shifting from single-instrument pilots toward broader capital markets integration. Saudi Blockchain Buildout Gains Pace Saudi institutions are building multiple layers of digital infrastructure. Oumla is working with Avalanche to develop the Kingdom’s first domestically hosted Layer 1 blockchain. SAB’s Chainlink adoption adds an interoperability and execution layer on top. Together, these projects are shaping a domestic framework for tokenization, with global connectivity added only where liquidity requires it. LINK Price and Liquidity Snapshot While institutional adoption progresses, Chainlink’s…
Share
BitcoinEthereumNews2025/09/18 08:49
Saylor’s Strategy Splurges $2.1 Billion On Bitcoin In Biggest Buy In A Year, Total Holdings Now Top 700,000 BTC ⋆ ZyCrypto

Saylor’s Strategy Splurges $2.1 Billion On Bitcoin In Biggest Buy In A Year, Total Holdings Now Top 700,000 BTC ⋆ ZyCrypto

The post Saylor’s Strategy Splurges $2.1 Billion On Bitcoin In Biggest Buy In A Year, Total Holdings Now Top 700,000 BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews
Share
BitcoinEthereumNews2026/01/21 07:40