$2Z /USDT – Bullish Rebound in Sight
Guy's check results... is showing signs of stabilizing after the initial post-launch volatility!
Thetoken, which powers the DoubleZero DePIN (Decentralized Physical Infrastructure Network), is currently trading at 0.49126 (+1.06%). After a significant price drop following its launch due to circulating supply discrepancies, the price has been consolidating near a strong support zone. The recent SEC No-Action Letter, which confirmed is a utility token and not a security, is a major long-term bullish catalyst for the project's legitimacy. The 24h trading volume is a healthy $34.33M (2Z volume).
The current chart on the 15m timeframe shows a recovery from the low of $0.47557 and is testing the $0.49 resistance.
Trade Plan (Long)
Entry Zone: 0.485 – 0.495 (buying the consolidation/retest)
TP1: 0.510
TP2: 0.535
TP3: 0.560
SL: Below 0.475
Momentum is building as buyers step in to defend the recent lows. If the wider market remains stable, $2Z could break out of this consolidation zone and target $0.51+ in the short term.
Disclaimer: This is a technical analysis based on short-term chart patterns and recent news. Trading crypto is highly volatile and carries significant risk. Always conduct your own research (DYOR) before making any trading decisions.
