Decred (DCR) is maintaining an impressive breakout momentum, increasing by an additional 5% at the time of writing on Monday, marking its fifth consecutive rally. This upward trend occurs amid bullish efforts to challenge a key resistance zone in the market.
Notably, the limited circulating supply—stemming from continuous user staking and persistent treasury accumulation—is creating significant upward pressure on DCR’s price. From a technical perspective, Decred is at a critical juncture, as increasing buying pressure could determine the next direction of the trend.
Limited Supply Drives DCR Demand
On-chain data shows that 10.9 million DCR are currently staked, accounting for 67.4% of the total mined supply (16.2 million DCR) and locked for 142 days. Additionally, the treasury holds over 873,000 DCR, removing another 5.4% from the circulating supply and reducing actual market liquidity to approximately 4.40 million DCR. This scarcity of supply is significantly boosting demand, attracting increasing investor interest in this privacy-focused coin.
DCR Supply Distribution | Source: Decred.supply## Technical Outlook: Will Decred Continue Its Uptrend?
Decred has gained about 5% at the time of writing on Monday, breaking above the $25.00 level. The short-term recovery is currently challenging the 38.2% Fibonacci retracement at $26.13, calculated from the November 4 high of $70 down to the December 23 low of $14.21. This is a key resistance zone that has repeatedly halted upward attempts since late November, reflecting ongoing significant selling pressure.
If the price can convincingly close above the $26.13 level, the bullish trend may be reinforced, opening the door toward higher Fibonacci retracement levels at $31.54 (50%) and $38.07 (61.8%).
Daily DCR/USDT Chart (Logarithmic) | Source: TradingView In terms of momentum, the Relative Strength Index (RSI) on the daily timeframe is around 63 and continues to rise, indicating increasing buying strength and a sustained recovery from the neutral zone. More importantly, the RSI still has room to grow before entering overbought territory, supporting the scenario of continued price advancement. Additionally, the MACD line has crossed above the signal line, signaling positive momentum and the potential formation of a new bullish impulse.
Conversely, if the price fails to break above and reverses from the $26.13 zone, a correction scenario could unfold, with Decred retreating to test the 50-day Exponential Moving Average (EMA) around $21.96.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: Strategy - There is a time lag between buying Bitcoin and price appreciation
Gate News reports that on March 12, Strategy founder Michael Saylor posted: "There is a time lag between when we purchase Bitcoin and when the Bitcoin price skyrockets."
GateNews28m ago
Why OXT Just Skyrocketed 21.97% in 30 Minutes
OXT price surged 21.97%, now at $0.0211, driven by macroeconomic trends and increased trading activity. Analysts suggest the bullish sentiment in major cryptocurrencies boosts altcoin interest, while traders watch key resistance and support levels.
Coinfomania32m ago
BTC Rises 0.79% in 15 Minutes: On-Chain Large Capital Inflows and Favorable Macro Policies Drive Market Upswing
2026-03-12 15:15 to 2026-03-12 15:30 (UTC), BTC recorded a +k-line return of 0.79%, with price fluctuating between 69702.5 and 70428.9 USDT, reaching an amplitude of 1.04%. Trading activity was robust during this time window, with noticeably elevated market attention and intensified short-term volatility.
The primary driver of this price movement was on-chain large fund flows and increased institutional participation. During the same period, multiple large transfers exceeding 1,000 BTC flowed into exchange cold wallets, with whale addresses concentrating their buying activities. [Text appears to be incomplete]
GateNews36m ago
ETH 15-minute surge 0.94%: On-chain capital inflows and technical upgrade expectations resonate to drive gains
2026-03-12 15:15 to 2026-03-12 15:30 (UTC), ETH fluctuated within 1.15%, with price rising from 2047.22 USDT to 2070.72 USDT, achieving +0.94% gains. During the same period, market attention increased, trading volume expanded significantly, volatility enhanced compared to daily levels, and on-chain activity and capital flow data expanded synchronously, indicating concentrated efforts from bullish forces.
The main driving forces behind this price movement stem from concentrated on-chain capital inflows and technical upgrade expectations resonance. On-chain data shows that during the anomaly period ETH activity
GateNews36m ago
Bitcoin-to-Gold Ratio Shows Bullish Divergence, Bitcoin ETF Net Inflows of $906 Million Over the Past Month
On March 12, Bitcoin's ratio against gold displayed bullish divergence, indicating weakened selling pressure and potentially serving as a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF net inflows reached approximately $906 million, while gold ETF experienced single-day outflows of $3 billion, forming a notable divergence. Despite ETF trading volume being lower than US equities, there remains significant room for institutional capital entry. Historically, Bitcoin has often rebounded following geopolitical turmoil.
GateNews37m ago
REQ Soars 21.77% — What Does This Mean for Traders?
Request Network (REQ) surged 21.77% within an hour, reaching $0.0839 amid growing trader interest. Market conditions, bullish sentiment, and DeFi trends may be driving this rally, while traders monitor key resistance and support levels for future movements.
Coinfomania1h ago
