Why DCR (Decred) pumped — short analysis 👇
$DCR is pumping mainly due to a technical breakout + volume spike. Price bounced strongly from the ~$15–18 support zone and reclaimed key moving averages (MA 7, MA 25), signaling a trend reversal on the daily chart. Increased volume confirms strong buyer interest, not just a fake move.
On top of that, Decred being a Layer-1 with governance + PoS/PoW hybrid often attracts attention during altcoin rotations. Once it crossed ~$21 resistance, short covering and FOMO kicked in, pushing price toward $22–25.
Key levels now:
Support: $20–21
Resistance: $25–27
