DoubleZero: Can 2Z Reach $0.15 After a 10% Breakout?

Summary:
DoubleZero (2Z) has recently shown a strong performance, suggesting a potential increase in value. Analysts are curious if it can hit $0.15 following its recent breakout.

Key Takeaways:

DoubleZero has achieved a 10.9% rise in price and market capitalization.
Grayscale added 2Z to its 2026 watchlist, boosting market interest.
Derivatives market activity is strong, indicating bullish sentiment.
The technical indicators are showing strong buying momentum, but profit-taking could impact prices.
For DoubleZero to climb to $0.15, it needs to stay above its key support level of $0.11.

A Strong Performance for DoubleZero

After successfully holding the support level of $0.11, DoubleZero (2Z) has been trading within an ascending channel. It reached a monthly high of $0.14 before experiencing a slight pullback. Currently, 2Z is trading at $0.137, which represents an increase of 10.9% on the daily charts. During this time, its market capitalization has also risen by 10.9%, reaching $486 million, which has helped it regain a position in the top 100 cryptocurrencies.

Grayscale's Impact on DoubleZero

After hovering around the $0.11 mark for nearly a week, DoubleZero received a significant boost from Grayscale three days ago. Grayscale updated its list of assets under consideration for Q1 2026, which included a variety of altcoins expected to influence the firm's future offerings and market direction.

Doublezero grayscale listing

With this latest announcement, Grayscale expanded its “Utilities and Services” category by adding DoubleZero. This inclusion signals Grayscale’s commitment to the growing areas of DePIN and tokenization. The news attracted market attention and encouraged investors to take positions in 2Z.

Surge in Derivatives Activity

Following the recovery in 2Z's price, investors quickly entered the futures market, which enhanced the upside momentum. According to CoinGlass, the derivatives volume peaked at $46 million before slightly adjusting back to $44 million, and Open Interest (OI) increased by 13.4%, reaching $17.48 million as of the latest report.

Doublezero derivatives

Typically, a simultaneous rise in OI and volume indicates stronger market participation and greater capital inflows. Over the past three days, more than $19 million has entered the futures market. On January 17th, DoubleZero recorded $9.31 million in futures inflows compared to $8.86 million in outflows.

DoubleZero futures flow

Furthermore, the altcoin maintains a Long Short Ratio above 1, hovering around 1.14, which suggests that capital is predominantly flowing into long positions. This further indicates that the majority of market participants are optimistic and betting on price increases.

Can DoubleZero Maintain Momentum?

DoubleZero has gained momentum after investors flocked to the asset in response to its recent listing on Grayscale's 2026 watchlist. Consequently, this has bolstered the altcoin’s upward movement. The Directional Movement Index (DMI) rose to 47, while the ADX dipped to 16 as of the latest data.

ZZ DMI & SAR

When the DMI hits these levels, it usually indicates robust upward strength supported by strong demand, which often suggests that the positive trend will continue. However, the price increase has created an enticing opportunity for profit-takers. Many holders who had seen losses are likely to sell, thus increasing market spending significantly.

DoubleZero spot flows

In the last three days, approximately $7.65 million has flowed into exchanges, while outflows remained around $7.27 million, leading to a positive net flow during this period, reflective of ongoing profit-taking. Moreover, if exchange inflows continue to rise, they could pose a risk to the upward trend, potentially driving DoubleZero back down to $0.12. On a brighter note, should recent demand continue, 2Z may yet rise to $0.15, provided it remains above its crucial Parabolic SAR support level at $0.11.

Final Thoughts