DoubleZero Soars 11% – Can 2Z Keep its Head Above $0.08?

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Well, well, well, DoubleZero [2Z] just magically jumped by 11% in the past 24 hours, all thanks to a grand market resurgence. By the time the ink had dried, the volume had spiked by over 78%, hitting a modest $12 million. No big deal, right?

Experts (or at least people who claim to be) suggest that this surge was a result of a complex cocktail: institutional interest, an influx of USD, and – wait for it – a technical breakout. Hold your applause.

Daily USD Inflows Turn Positive… Sort Of

According to the mystical numbers from DefiLlama, after two days of watching money fly out the door, 2Z managed to pull in a decent $37.79 million. Though, to be clear, this is peanuts compared to the $90 million that left. Baby steps, people. Baby steps.

Since the dawn of February, outflows have managed to outshine inflows. The highest inflow in the last two weeks? A grand $78 million. The highest outflow? A jaw-dropping $55 million – just yesterday. Still, some people are betting big on 2Z, because why not?

In case you’re wondering, Solana [SOL] led the pack in the last 24 hours, likely because it’s now deployed on the Solana blockchain. The total amount of SOL staked on DoubleZero? A cool 168 million. Not too shabby for a coin that was almost forgotten about two years ago.

And just in case you thought no one was paying attention, institutional investors are still in the game. DBA, a crypto investment firm, is backing DoubleZero with a modest $68 million from its Fund II. Because clearly, the rich never stop being rich.

2Z Shatters Its Downward Spiral

The chart’s looking a bit more hopeful – or at least, it’s not looking like a disaster. 2Z managed to break through the descending trendline at $0.06647 that had been keeping it down since January 24th. However, there’s still a tiny resistance at $0.07560 that’s proving a bit pesky.

For this rally to be more than just a blip on the radar, 2Z needs to stay above $0.08. Why? Because $0.08 was the last significant “lower low,” and we all know how that goes in crypto – once you hit bottom, the only way is up. Hopefully.

The MACD (which sounds like a cool DJ name) is showing signs of bullish strength. Buyers are clearly outpacing sellers, snatching up 2.32 million 2Z tokens more than the pessimists were willing to part with.

The breaking of the trendline might just indicate a potential bottom – and we know how those go in the crypto world: everyone loves a good underdog story. However, don’t be surprised if there’s a little back-and-forth before we can start celebrating.

TVL Takes a Breather from Its Glory Days

Now let’s talk Total Value Locked (TVL), which is basically how much money people are willing to lock up for the privilege of staking. 2Z had a whopping $1.083 billion in TVL – almost seven times the size of Cardano’s [ADA] measly $161 million. Impressive, right? But hold your horses.

Unfortunately, 2Z’s TVL has been on a downhill slide since its all-time high of $1.9 billion earlier this year. Meanwhile, fees have dropped to around $316K. Ouch. The question on everyone’s mind: is the magic fading, or just taking a nap?

So, what does this all mean? Well, USD inflows are on the up, TVL is on the down, and price action is breaking out, but only time will tell if 2Z can keep its act together above $0.080. Stay tuned for more drama!

Final Summary

  • DoubleZero rallied a neat 11% in the past 24 hours, thanks to some positive inflows and good old-fashioned institutional backing.
  • If 2Z wants to keep its bullish momentum, it needs to break and stay above $0.080. Simple, right?

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2026-02-26 03:05