🚀 *DIAUSDT Chart Analysis: Is a Breakout on the Horizon?* 📈
DIAUSDT has recently completed a powerful breakout from a long-standing descending triangle pattern on the weekly timeframe, signaling a potential shift from accumulation to expansion as bulls regain control. This move is accompanied by a significant surge in trading volume, suggesting that buying momentum is entering the market decisively ¹.
*Key Price Points:*
- *Current Price:* $1 (down 3.28% in the last 24 hours)
- *All-Time High:* $5.8000 (May 5, 2021)
- *Lowest Price:* $0.1130 (June 13, 2023)
*Technical Indicators:*
- *Cup and Handle Pattern:* DIAUSDT is displaying a well-defined cup and handle pattern, with the price successfully breaking above the neckline and currently retesting this zone as a healthy pullback.
- *Volume Spike:* A significant 96% spike in daily volume indicates heightened interest and active trading relative to its market cap.
*Potential Targets:*
- *First Target:* 10% increase in trendline hourly
- *Second Target:* Potential for 210% increase
*Market Sentiment:*
- *Bullish:* DIAUSDT is in a potential early-stage uptrend, coming off a long accumulation zone.
- *Breakout:* Price is breaking out of a downtrend channel, or at least testing the top of a sideways range that’s lasted for months ¹ ².