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?

2026/01/17 19:04
Okuma süresi: 3 dk

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/

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