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$DCR / USDT Market Update – Decred Bulls Launch Aggressive 4H Reversal!
Decred (DCR) is currently trading strongly around $34.96, reflecting an impressive +4.80% surge on the 4H timeframe shown in the chart. After a significant retracement that drove the price down toward the $29.62 region, buyers have forcefully intervened, creating a strong bullish impulse candle and signaling a potential major short-term trend shift.
🔍 Key Highlights
24h High: $35.99
24h Low: $29.62
24h Vol (DCR): 187,679.41
Recent 4H Move: Strong drop to major support ($29.62) \rightarrow V-shaped recovery \rightarrow decisive push above $34.00
DCR has shown significant volatility and high volume, indicating renewed interest and strong buying pressure near critical support.
📈 Market Structure (4H)
Price experienced a sharp drawdown, testing the $29.62 24h Low, which acted as major support.
The subsequent bullish reaction has been powerful, breaking several recent bearish 4H candle highs.
The current candle is retesting the $35.00 psychological level, a critical zone for confirming sustained bullish momentum.
A sustained close above the $34.50 level on the 4H chart will be vital for buyers to solidify this recovery.
📊 Levels to Watch
Immediate Support:
$34.50
$33.00
Major Support:
$29.62 (24h Low)
Resistance Zone:
$35.50 – $36.00 (Near 24h High)
Breakout Level:
$36.00 (A decisive close above here could open the path toward $38.00+)
🌟 Outlook
$DCR is showing strong signs of a bullish reversal after successfully defending its recent low. If bulls can maintain the momentum and break through the 24h high resistance at $35.99, a significant upward continuation is highly likely.
Conversely, a drop back below the $33.00 level could indicate the initial push was exhausted, potentially leading to a retest of the $31.00 – $30.00 area.
Where do you see Decred heading next after this powerful bounce?
Drop your thoughts below! 👇🔥
#DCR #Decred #Crypto #USDT #TA