The daily chart shows Decred breaking out of a prolonged range, with price reclaiming the former supply zone near $28–$30, suggesting a bullish structure shift. The move resembles a range breakout followed by ascending consolidation, indicating improving trend strength. OBV is rising, confirming accumulation and supporting the upside move despite moderate volume. Meanwhile, the MACD has flipped bullish, with a positive crossover and expanding histogram, signaling strengthening momentum. If DCR holds above $28, the next resistance levels lie at $35 and $40, while a sustained breakout could open the path toward $46–$50.
Decred is at a make-or-break point after its sharp rebound. The next few daily closes will decide whether this move turns into a sustained uptrend or fades into another short-lived spike. If buyers keep the price supported above the recent breakout area, the path remains open for a steady grind toward higher resistance zones, with $50 staying on the radar.
But if momentum cools and the DCR price slips back into its prior range, the market may treat this rally as a liquidity-driven pop rather than a true trend shift. In short, bulls have the advantage for now—confirmation comes only with follow-through and strong defence on dips.
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