DoubleZero [2Z] The altcoin that gained the most in the last 24 hours was a gainer of more than 21 % at the time of press. Altcoins broke through a demand area that held its price in 2025 for over three months but then fell.
Can altcoins sustain their upward momentum?
DoubleZero’s Demand Pushes Price Up
A rise in the daily trade volume was the main driving force. DoubleZero’S rally. The volume increased by 264% and exceeded $28 Million. This figure is six times greater than the $4 million average daily volume, indicating a strong interest from traders in this token. This momentum was further confirmed by double‑digit growth in Open Interest (OI) across major exchanges such as Binance.
In addition, the supply of tokens in circulation on the Solana [SOL] The blockchain is shrinking. Max supply has decreased from 10 billion to 9.998 trillion tokens. Data showed that over 200K tokens had been burnt.
The number of 2Z tokens holders had reached an all-time high, 6.79K. The two metrics combined showed that the demand for 2Z tokens was increasing as holders moved the tokens off exchanges.
Solscan analysis revealed a significant number of transactions between $100K to $1M, which totaled 1,729. This indicates a substantial amount of capital being pumped into altcoins.
Institutions like BtcTurk, for example, moved over $300K in 2Z into their cold storage. A move like this could indicate that the rally is just getting started, because cold wallets are long-term investments.
The 2Z Price in Recovery Mode
2Z broke above an important zone on the daily chart between $0.10 to $0.12. This zone had been a support in the past, but became resistance following the early February breakdown.
After a build-up inside of a channel rising since March, the breakout took place. As of press time, both the MACD and Cumulative volume delta (CVD), bars all supported the upward momentum.
As it bounced off a Fibonacci level of 0.78, the hourly timeframe revealed a trend that was in good health. 2Z price fluctuated for over a week in this $0.09 range.
The On-Balance volume (OBV), which is the monthly average of the total amount traded, reached a record high before falling back. Meanwhile, the Advance/Decline ratio rose from 8 to 10, indicating a strong purchasing activity.
The next target is $0.15 if the 2Z zone holds up above $0.10. In the event of a break-down, it would either prolong or shift sideways the channel’s rising consolidation.
Final summary
- DoubleZero gains 21% on the back of a shrinking token supply (2Z), an increase in holders, and high volume transactions.
- Bulls held the 0.78 fib level in the hourly chart, as 2Z broke through a critical level of $0.10 at the chart.
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Source: ambcrypto.com
