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2Z surges by 129.07% within 24 hours during a period of brief market fluctuations

2Z surges by 129.07% within 24 hours during a period of brief market fluctuations

Bitget-RWA2025/10/16 16:00
By:Bitget-RWA

- 2Z surged 129.07% in 24 hours and 102.45% weekly on Oct 16, 2025, contrasting a 5880.93% annual decline. - Analysts attribute short-term gains to market corrections/speculative inflows but note unchanged fundamentals and bearish long-term trends. - Technical indicators signal overbought conditions post-rally, with RSI/MACD suggesting potential near-term pullbacks despite trend deviation. - A backtesting strategy proposes analyzing 5%+ daily gains since 2022 to evaluate post-spike performance patterns in

On October 16, 2025, 2Z experienced a dramatic 129.07% increase in value over a single day, ending at $0.00021752. In the prior week, the asset rose by 102.45%. Despite this, 2Z had previously dropped by 5880.93% over the past month and year, underscoring the asset’s significant price volatility.

This abrupt price jump indicates a swift change in market sentiment, although the overall trend remains negative. Experts believe the recent surge may be the result of specific, short-term factors such as market corrections or speculative trading, but note that the core fundamentals have largely stayed the same.

From a technical perspective, the latest 24-hour surge represents a break from the prolonged downward trend. Tools like the RSI and MACD have typically pointed to overbought signals after such rapid increases, implying that a short-term correction could follow. It is recommended that traders keep an eye on important resistance points and trading volume to better assess whether the trend will persist or reverse.

To assess how similar price surges have affected other assets, a backtesting method has been suggested. This strategy involves pinpointing dates since January 1, 2022, when a stock’s daily increase surpassed 5%, and then reviewing how prices moved in the days that followed.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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