What’s up, people!🚀 It turns out that the DIA token, the one used to feed the oracles (which are like the eyes and ears of decentralized apps), is at a crucial moment. Its future is dancing between glory and a possible correction, and here we break down why.
The DIA program that could change everything 🤯
Imagine this: DIA launched a super ambitious program, the "Oracle Grants", on June 24, 2025! 🗓️ With this, they are going to lend a hand to app developers on more than 15 networks (like Arbitrum and Avalanche) to make it easier for them to use their oracles. And what does that mean? More apps using DIA, more movement in their network, and more value for the token! Also, pay attention to this!, they allocated 2 million DIA tokens to reward those who stake, and this is directly connected to network usage. Pure strategy!
And as if that weren’t enough, they partnered with Aurora (on June 4, 2025), a no-code blockchain builder! This positions DIA as the default oracle for thousands of potential Virtual Chains. It’s like they were handed the keys to the city! 🔑 But beware, the competition with API3 is heating up. 🔥
Is a correction coming? The numbers don’t lie... or do they 📊
Here comes the part that sends chills down your spine. The RSI-7 of DIA is at 89.32 (as of July 20, 2025). And what does that mean? It’s super overbought! 🚨 After an 80% increase in a week (crazy!), this is like a warning signal that a drop, a correction, could be coming. Although the MACD still shows that there is bullish momentum, the price has already hit a significant resistance at $0.837.
Well, the good news is that it has a lot of liquidity (its 24-hour turnover ratio is 1.21). But the derivatives data does not show exaggerated open interest, so for now, there are no signs that people are going crazy with leverage.
Watch out for the whales! 🐋 And the effect of "FOMO" 🌊
Here’s where it gets spicy. 65% of the DIA supply is in the hands of a few giant addresses, the famous "whales"! 🐳 This is a double-edged sword: they can make the price soar, but they can also cause a drop if they decide to sell. And to top it off, 86% of the tokens have been stagnant for over a year!
On the other hand, interest from smaller investors has skyrocketed, with a 177% increase in 24-hour volume! But history has taught us that when there are these spikes of excitement (like in October 2024), they are often followed by corrections of 30% or 50%. So be careful, because euphoria can be misleading!
Will it withstand the pressure? 🤔
The future of DIA depends on one key thing: Will their grants program manage to get people to use their network consistently before the technical overbuying takes its toll? With rewards and incentives now directly tied to the use of oracles, will this "utility staking" model be strong enough to counteract the power of the whales and keep the price afloat? The truth is, it’s a coin flip! 🪙
So, stay tuned to the news and see how this plot develops! Do you think DIA will manage to stabilize or is a drop coming? Leave your comments!$DIA