At the time of writing, the altcoin was trading within a bullish structure on the daily chart. Its price has also remained above the EMA – A signal that buyers might still control the short-term trend.
Meanwhile, the momentum appeared to be steady. However, the next question is whether the rally has enough strength to extend itself towards the next liquidity zone.
Source: TradingView
Buyers maintain market control
According to the recent Spot Taker CVD data, buyers have been dominating activity across the market.
On the spot market, buying pressure seemed to be stronger than sellers’ orders. This suggested that traders may be positioning themselves in anticipation of a further rally.
The same trend was visible in the derivatives market too. Buyers have continued to control the order flow, reinforcing the ongoing bullish momentum.
Usually, when both spot and derivatives markets align on the buy side, rallies often gain additional strength. The same scenario could replicate itself for DCR.
Source: CryptoQuant
Whale activity symbolizes early growth
Another supportive signal seemed to be emerging from the network activity too.
The number of addresses holding more than $1,000 worth of DCR recorded a slight increase over the last 24 hours. While the growth seemed modest, it indicated that more investors may be gradually entering the market.
Cumulatively, rising holder distribution often supports sustained rallies, especially when it appears in coincidence with a bullish price structure.
Source: TradingView
Liquidity at $36.7 now the next focus
Finally, from a technical perspective, the next key area now lies above the press time trading range.
Liquidity clusters remain concentrated around the $36.7-resistance level. These zones often act as magnets for the price when bullish momentum builds.
If buyer dominance continues and the current structure holds above the EMA, DCR could extend its move higher. A push towards $36.7 would represent the next logical step in the rally.
At press time, the trend was firmly in the bulls’ favour. The key factor will be whether buyers can maintain control long enough to trigger the next liquidity sweep.
Final Summary
- DCR has been holding on to a bullish structure above the EMA as buyers dominated both spot and derivatives markets.
- Growing investor participation could drive a liquidity sweep towards the $36.7 resistance zone.
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