$DCR
Based on the latest chart for Decred (DCR) and the updated data today, February 2, 2026, here is the technical analysis and the suggested brief publication for Binance Square:
🚀 Decred (DCR): Will the "breakout" succeed in continuing? 📈💎
The DCR coin shows notable strength signals today, as the price attempts to stabilize above previous resistance levels to complete an upward recovery path.
🔍 Technical Analysis (4-hour frame):
Current price: The price is trading around 19.13 USDT, with relative stability after a strong upward wave that saw it touch the $20.00 barrier earlier today.
RSI Indicator: The reading is at 52.13, indicating neutral momentum leaning towards positivity, with good room for upward movement before reaching the overbought stage.
MACD Indicator: We observe a positive crossover and the beginning of histogram bars turning green above the zero line, which enhances the likelihood of the upward trend continuing.
Price Behavior: The price is undergoing a "retest" of a previous breakout level; stability above $19.00 is crucial to confirm the strength of the trend.
🎯 Critical Monitoring Levels:
Resistance (next target): A breakout above $20.23 and stability above it opens the way towards levels of $22.50 and then $24.00.
Support (safety valve): The $18.00 area represents the current strong support, and breaking it may bring us back to test the $16.50 level.
Conclusion: Stability above $19 qualifies the coin for a new upward rally targeting the peaks of last month. 👀🔥