DoubleZero (2Z) has experienced a significant price breakout, surging 10.9% to a monthly high of $0.14 after being added to Grayscale's "Assets Under Consideration" watchlist for the first quarter of 2026. The altcoin, which had been hovering around the $0.11 support level, saw its market capitalization rise to $486 million, reclaiming a position within the top 100 cryptocurrency rankings.
The inclusion occurred three days ago when Grayscale updated its watchlist, expanding the "Utilities and Services" category to include DoubleZero. Analysts interpret this move as a signal of Grayscale's focus on the growing DePIN (Decentralized Physical Infrastructure Networks) and tokenization sectors within the market. Following the announcement, market participants took notice, leading to increased investor positioning.
Derivatives data reveals a surge in bullish sentiment. According to CoinGlass, Open Interest (OI) for 2Z futures rose by 13.4% to $17.48 million, while derivatives volume spiked to $46 million. Over the past three days, more than $19 million flowed into the futures market, with a Long/Short Ratio holding above 1 at approximately 1.14, indicating that capital is predominantly flowing into long positions betting on further price appreciation.
Technical indicators support the bullish momentum. The Directional Movement Index (DMI) climbed to 47, suggesting strong upside strength backed by significant demand. However, the price increase has also triggered profit-taking activity. Exchange netflows have remained positive over the past three days, with over $7.65 million flowing into exchanges versus $7.27 million in outflows, indicating sustained selling pressure from holders looking to realize gains.
Analysts present a mixed outlook. The bullish case suggests that if recent demand persists and the token holds above its Parabolic SAR support at $0.11, DoubleZero could target a move toward $0.15. The bearish risk is that continued profit-taking and rising exchange inflows could push the price back toward the $0.12 level, threatening the recent breakout.
