$DCR Just Transitioned From Expansion to Maturity Phase

DCR’s move didn’t behave like a random spike it unfolded in a classic three-stage momentum cycle.

First, Initiation, where price lifted off from the low-vol region near 18.65. This phase is usually fueled by selective participants who position before the chart becomes obvious.

Then came Expansion, the most violent portion of the move, pushing into the 29.80 high. Expansion phases tend to compress offers and widen spreads because participants chase fills rather than negotiate. The acceleration confirms participation and shifts the asset into trend recognition territory.

Now DCR is sitting in the Maturity phase. Volatility has reduced, candles are shorter, and both sides are actually quoting. That signals the market isn’t trying to discover new highs anymore it’s trying to determine whether the new valuation is justified.

A bid-dominant book (~78%) shows buyers still control initiation power, but not expansion power. For continuation, buyers must convert this phase into Acceptance, otherwise it becomes a plateau before reversion.

Momentum cycles don’t end at the high they end when nobody cares about pushing anymore. DCR hasn’t reached that condition yet.