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I noticed that DCR is testing important price levels these days. The project had a good rise last November, but now it is moving between specific support and resistance levels, with the current price around $20 after previously testing higher levels.
What draws attention to DCR is that there is genuine accumulation from buyers despite blockchain indicators appearing stable. Trading volume is high and coins are actively distributed, but at the same time about 60% of DCR is collateralized on the network, reflecting strong confidence from participants.
Interestingly, the price did not collapse below the $22 level despite all the pressure, indicating genuine demand. However, on-chain indicators still hint at a cautious outlook, so it seems that DCR is in a waiting phase before its next move.