$DIA is testing a very important level right now.

Price is around 0.2021 and EMA 200 is sitting just above at 0.2037. This is clear resistance. We already saw one strong push above 0.204 but it couldn’t hold that wick shows sellers are still active there. However, buyers are not giving up either. The structure is still forming higher lows compared to the recent bottom.

If DIA manages to reclaim and hold above 0.204–0.205 with strong candles, momentum can expand quickly toward 0.207–0.208 zone. But if it keeps facing rejection from EMA 200, we could see a pullback toward 0.200 or even 0.198 for liquidity before the next move.

Right now this is a breakout-or-reject moment. Clean break and hold = bullish continuation. Weak close below EMA = short-term pressure. Watch this level closely.