Decred (DCR) surged by double digits over 24 hours, maintaining a bullish price structure above its key moving average. Market data shows buyers are dominant in both spot and derivatives trading, while a slight increase in large holders suggests growing investor interest. The rally’s next technical target is a liquidity zone around the $36.7 resistance level.
The price of Decred (DCR) posted significant double-digit gains in a 24-hour period. At the time of writing, the altcoin was trading within a bullish structure on the daily chart and remained above a key Exponential Moving Average, a signal that buyers might still control the short-term trend.
Data shows buyers have been dominating activity. On the spot market, buying pressure seemed stronger than sellers’ orders, and the same trend was visible in the derivatives market.
Meanwhile, network activity provided another supportive signal. The number of addresses holding more than $1,000 worth of DCR recorded a slight increase, indicating that more investors may be gradually entering the market.
From a technical perspective, the next key area now lies above the press time trading range. Liquidity clusters remain concentrated around the $36.7 resistance level, which often acts as a magnet for price during bullish momentum.
