DCR surges 17% in the market, can the tight supply and technological breakthroughs sustain the rally?

【Crypto World】Decred is showing some performance again. It once surged over 17% during the trading session, standing out when the overall market was moving sideways, making it a “little star” among recent mainstream coins. The logic behind this rally is actually quite clear—on one side, the supply side is bottlenecked, with a large amount of DCR locked in staking and unable to move; on the other side, technical signals have given a cue, as the price broke out of a descending wedge, which is a buy signal for traders seeking a “breakout.”

Since rising from the bottom at $20, DCR’s price structure has started to change, showing a clear upward momentum. The current target is the $28-30 supply zone, which was once a barrier but now has become a target. The short-term critical level is $22. If it holds this line, DCR can continue to climb, with potential targets of $30 and even $50. But if it breaks below $22, it will return to a consolidation phase, waiting for the next opportunity.

In simple terms, it now depends on how long the tight supply can last and how far the technical rebound can go. If these two factors continue to align, DCR indeed has a chance to move up another step.