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$DCR Bullish Breakout: Momentum Eyes $35+
Decred (DCR) is showing massive relative strength, recently surging to $32.40 and defying the broader market trend. With a strong breakout above the $30 psychological resistance, the technical structure suggests a shift into a high-momentum expansion phase.
The combination of shrinking liquid supply and a bullish MACD crossover on the daily chart indicates that the current rally has significant backing from buyers.
⚡ Trade Setup
Entry Zone: $30.50 – $32.50
Stop Loss: $28.00 (below previous resistance-turned-support)
🎯 Profit Targets
As the trend accelerates, watch for these key levels:
TP1: $35.00
TP2: $40.00
TP3: $48.00
💡 Market Insight
DCR is currently outperforming major caps like Bitcoin, driven by a successful treasury upgrade and strong on-chain governance. The RSI is sitting near 67, suggesting there is still plenty of room for upside before hitting "overbought" territory. If
$DCR maintains a daily close above $30, the path to $40 remains wide open.
Trade with a plan and manage your risk! 📈
Written by: Nabiha Noor
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