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$DCR /USDT – Volatility Spike, Structure Still Bullish
DCR saw a strong impulsive breakout from the $15.80 base, rallying aggressively to $22.78 before facing profit-taking. The pullback that followed is controlled, not a breakdown.
📊 Technical Breakdown (1H):
Price holding above MA(7) & MA(25) → short-term trend intact
MA(25) curling upward → buyers defending dips
MA(99) well below price → broader trend still bullish
Consolidation forming after the spike → volatility compression
🎯 Key Levels to Watch:
Support: $18.80 – $19.20
Immediate Resistance: $20.20
Major Resistance: $22.80 (previous high)
🔍 Volume Insight:
Strong volume on the breakout, followed by declining sell volume during consolidation — a healthy post-rally behavior.
🧠 Market Read:
This looks like a post-impulse base. A clean break above $20.20 could invite another attempt toward $22+, while loss of $18.80 would weaken the structure.
⚠️ Avoid chasing spikes. Let price confirm direction.
#DCR #DCRUSDT #Altcoins #BinanceSquare #priceaction $DCR