$DCR USDT chart is a textbook example of how quickly sentiment can shift in the markets. After a massive vertical push that saw the price rocket to a 24-hour high of 22.78, we are now witnessing a period of cooling and consolidation.
The Numbers Behind the Move
The price is currently hovering around 18.87, still holding onto a gain of over 17% for the day. While the initial rally was explosive, the 15-minute candles show a clear rejection at the top, followed by a series of lower highs as the market searches for a sustainable floor.
Current Technical Outlook
Price Action: We are currently trading below the 7-period moving average of 19.02 and the 25-period moving average of 19.31, suggesting short-term bearish pressure after the peak.
Support Levels: The 99-period moving average at 17.69 is the level to watch. If the price can stay above this line, the overall bullish structure from the 15.99 low remains valid.
Volume Analysis: The heavy buying volume that drove the initial spike has tapered off, giving way to smaller, indecisive candles. This usually indicates that the "fast money" has exited and the market is waiting for a new catalyst.
The Bottom Line
Chasing a 40% vertical move is often a recipe for getting caught at the top. The smart play here is patience. We want to see if DCR can form a base around these levels or if it needs to retest the 17.00 range before finding its next leg up. Trading is a marathon, not a sprint—don't let the fear of missing out dictate your entries.
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