DoubleZero jumps 29% as OI climbs 113% – Can 2Z outrun its $124M unlock?
DoubleZero [2Z] rallied by more than 29% in the past 24 hours, leading by gains among all the top 200 cryptos by market cap. The rally came amidst a broader crypto market rebound. How high can 2Z price go? The charts showed 2Z has been making higher highs and lows since its trendline break. This daily surge cleared liquidity clusters sitting above equal highs of $0.060, amplifying the move past $0.075. The CVD showed 19.57 million 2Z tokens bought at the hour of the press, confirming the ongoing buying activity. The Stochastic Momentum Index (SMI) was also trading around maximum levels. Source: 2Z/USDT on TradingView If the bullish action continues, the next price targets are at $0.095 and $0.120. But for 2Z to hit these levels, it has to stay above $0.075. The altcoins downside risk extends to $0.050, where the trendline was broken. Discover more Ethereum market analysis Bitcoin mining hardware Install Firewall Software Why is DoubleZero surging? As the price of DoubleZero rallied up, its Open Interest (OI) jumped by 113%, which indicates bullish positioning. Similarly, volume rose by 107%, surpassing $50 million at press time. In fact, data from CoinGlass showed there were $2 million in Cumulative Long Liquidation Leverage as compared to $955K in short orders. Source: CoinGlass Moreover, there









