Decred is establishing consolidation above the previously broken falling wedge pattern on the weekly timeframe. This retest of the broken resistance level represents a textbook setup worth monitoring.
The current price action shows classic characteristics for potential upside momentum. Should buying pressure intensify from this level, we could witness a substantial rally that pushes DCR toward higher resistance zones.
The technical structure remains intact—watch how the market responds at this juncture. A clean break above consolidation could unlock significant upside potential in the coming period.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
SchrodingerAirdrop
· 01-13 15:11
The wedge breakdown retests the resistance level, we've seen this routine too many times
---
DCR this wave is interesting, let's see if it can really hold steady
---
Is buying pressure building up? Or is it just another show
---
Breaking through the consolidation zone might be the key, all those "huge potentials" before have already worn out our ears
---
Wait and see, good technical charts don't necessarily mean the wallet will follow suit
---
Repeatedly testing the resistance level... Is this gathering strength or just fooling for recharge
---
It's good if the weekly chart can stabilize, don't hype it up too much
View OriginalReply0
CommunitySlacker
· 01-13 15:11
DCR this wave of wedge breakdown, it does seem a bit interesting
---
Wait, can it really break through the consolidation? Feels like the whales are still shaking out the retail investors...
---
Classic setup? To me, it looks like they’re just repeatedly tormenting retail investors haha
---
Buying pressure is increasing? Sounds nice, but I want to see who’s really buying
---
The technical structure is intact, but I’m just worried the market won’t follow the usual patterns
View OriginalReply0
fork_in_the_road
· 01-13 15:08
DCR this wave looks promising; the key is whether it can hold this position firmly.
View OriginalReply0
MysteryBoxAddict
· 01-13 14:44
The wedge has broken? Is this really just the same old trick of cutting leeks again?
Decred is establishing consolidation above the previously broken falling wedge pattern on the weekly timeframe. This retest of the broken resistance level represents a textbook setup worth monitoring.
The current price action shows classic characteristics for potential upside momentum. Should buying pressure intensify from this level, we could witness a substantial rally that pushes DCR toward higher resistance zones.
The technical structure remains intact—watch how the market responds at this juncture. A clean break above consolidation could unlock significant upside potential in the coming period.