Decred rallies 11.7% as buyers defend $21 — can DCR flip $25 and retest $27?
Decred (DCR) surged 11.7% after rebounding from a local low of $21 to an intraday high of $25.34, trading around $24.12 at press time. Buyers stepped in aggressively, raising buyer strength to ~62 and keeping it above 60 for two days. Market indicators show increasing accumulation: Volume MA rose to ~93k, buy volume climbed to 22.85k while sell volume fell to 18.78k, and the Accumulation/Distribution metric improved. Technical indicators turned bullish — RSI climbed from 55 to 59 and the DMI rose to ~27 — suggesting renewed upward momentum. If demand holds, DCR could flip and sustain $25 and test the previous rejection zone around $27. Conversely, a loss of momentum or profit-taking could prompt a pullback toward $20. Market cap returned to roughly $400 million amid stronger inflows. Key SEO keywords: Decred, DCR price, DCR rally, flip $25, retest $27, accumulation, RSI, buy volume.
Bullish
The article describes clear buy-side conviction: DCR rebounded strongly from $21 with elevated buyer strength and positive accumulation metrics. Volume MA, buy volume versus sell volume, and A/D improvements indicate net buying pressure — conditions that historically precede short-term rallies. RSI rising into bullish territory and a higher DMI support momentum continuation. Therefore the immediate outlook is bullish: if buyers sustain demand, DCR is likely to flip $25 and test $27. However, the upside depends on continued inflows; absence of follow-through or broad market weakness could trigger profit-taking and a retreat toward $20. Similar past episodes in small-cap altcoins show quick rallies on accumulation that either extend into multi-day moves if liquidity continues or reverse sharply on exhaustion — so traders should watch volume, buy-sell delta, RSI, and macro crypto sentiment for confirmation.