We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
_cfuvidThis cookie is a part of the services provided by Cloudflare - Including load-balancing, deliverance of website content and serving DNS connection for website operators.
Maximum Storage Duration: SessionType: HTTP Cookie
__cf_bm [x7]This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website.
CookieConsentStores the user's cookie consent state for the current domain
Maximum Storage Duration: 1 yearType: HTTP Cookie
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
We do not use cookies of this type.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
We do not use cookies of this type.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
We do not use cookies of this type.
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
List of domains your consent applies to: [#BULK_CONSENT_DOMAINS#]
Cookie declaration last updated on 8/12/26 by Cookiebot
[#IABV2_TITLE#]
[#IABV2_BODY_INTRO#]
[#IABV2_BODY_LEGITIMATE_INTEREST_INTRO#]
[#IABV2_BODY_PREFERENCE_INTRO#]
[#IABV2_BODY_PURPOSES_INTRO#]
[#IABV2_BODY_PURPOSES#]
[#IABV2_BODY_FEATURES_INTRO#]
[#IABV2_BODY_FEATURES#]
[#IABV2_BODY_PARTNERS_INTRO#]
[#IABV2_BODY_PARTNERS#]
About
Cookies are small text files that can be used by websites to make a user's experience more efficient.
The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.
This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
You can at any time change or withdraw your consent from the Cookie Declaration on our website.
Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.
Please state your consent ID and date when you contact us regarding your consent.
Install NewsLayer
Get the app experience — one tap from your home screen, instant loads and breaking-news alerts.
DoubleZero up 20% after Kalshi partnership – Can 2Z clear more resistances?
DoubleZero [2Z] extended its sharp U-turn from $0.04730, rallying by over 20% in just 24 hours. The altcoin’s rally was driven by fundamentals and leverage, which catalyzed a spike in trading activity.
DoubleZero [2Z] extended its sharp U-turn from $0.04730, rallying by over 20% in just 24 hours. The altcoin’s rally was driven by fundamentals and leverage, which catalyzed a spike in trading activity.
As a result, the daily volume jumped by 74% as the volume-to-market-cap ratio crossed 17%. This ratio confirmed elevated speculative interest in the presence of high liquidity.
As the crypto market cap fell below the $2.20 trillion mark, DoubleZero recovered some of its lost capital. But this surge was after announcing a partnership with Kalshi prediction markets.
Why is DoubleZero rallying so hard?
As per a post on X, Kalshi would distribute its real-time data for event contracts over DoubleZero Edge, off the public internet. The announcement caught the attention of prediction market users and the Asia front.
Data showed that most buying activity concentrated on Upbit, which accounted for 25% of 2Z’s global volume. Binance came second but with half the share, at 13%.
Source: CoinMarketCap
Meanwhile, funding rates for perpetual traders on DEX platforms like Hyperliquid [HYPE] were deeply negative, between 0.14% and 0.12%. Overall, the OI-Weighted Funding Rate was -0.56% per hour, signaling extreme one-sided short positioning.
Source: CoinGlass
As such, the initial buying pressure due to the Kalshi partnership triggered a short squeeze, amplifying the gains. Thus, leverage positioning led to this sharp uptick
Can 2Z bulls clear more resistance levels?
Looking at the numerical outlook of the altcoin, it reflected 2Z’s high volatility. After chopping between $0.0540 and $0.0580, 2Z broke down to $0.04730, where it reversed.
The pattern resembles a cup and handle pattern, especially after 2Z briefly crossed $0.0580. Failure to clear this resistance made the zone a battleground for bulls and bears.
Interestingly, the altcoin had a bullish MA Cross but from a smaller timeframe scale. The Choppiness Index (CHOP) was also below 40, indicating the uptrend was strong.
Interactions were also shooting up, from 221 to 1,820 at the time of press. Thus, the momentum indicators were pointing at continuation, but a blockade remained at $0.058.
Source: 2Z/USDT on TradingView
Technically, a bullish market structure shift was dependent on staying above the horizontal resistance. Otherwise, 2Z price action would remain bearish, and this rally would be regarded as a news-driven pump that would be likely unsustainable.
Final Summary
DoubleZero rallied over 20% after the Kalshi partnership, which catalyzed the triggering of a short squeeze.
2Z briefly cleared the $0.058 resistance level, but bears reacted instantly, making the zone a battleground for bulls and bears.
