The $28 million volume surge

A six-fold increase from the average daily volume of $4 million, this sudden surge in volume has propelled DoubleZero to the top of the altcoin gainers' list.

As holders increased, the max supply of 2Z tokens declined, leading to a strong demand for the token.

DoubleZero was the biggest altcoin gainer in the past 24 hours, with a 21% rise at press time, according to the report.

Who is behind the surge?

Institutions like BtcTurk moved more than $300K worth of 2Z to their cold storage, indicating a potential long-term accumulation in the rally.

The daily and hourly charts showed bullish signals, with price above a key zone and a healthy trend on the hourly chart.

A breakout above $0.10 on the daily chart could target $0.15, while a breakdown would extend the rising channel consolidation or move sideways.

What's driving the On-Balance Volume?

The On-Balance Volume (OBV) hit a new monthly peak before retracing, highlighting strong buying activity.

This indicates that the buying pressure is strong, and the market is likely to continue its upward trend.

What's next for DoubleZero?

The future of DoubleZero remains uncertain, but one thing is clear:the market is watching clsoely.

As the price continues to rise,investors are eagerly waiting to see if the token will break out above $0.10 and target $0.15.