Decred (DCR) surged 14% within 24 hours, supported by bullish technical indicators. The Aroon Up indicator reached 100.5%, and the Parabolic SAR indicator (Parabolic SAR) was below the price, indicating strong buying momentum. However, spot exchange data shows that DCR experienced a net outflow of approximately $745,000 this week, marking the third-largest single-week sell-off since 2022. DCR is currently in an upward channel, with a year-to-date increase of 106%, and its future trend depends on whether the bullish momentum can offset the increasing selling pressure in the spot market.
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Decred (DCR) surged 14% within 24 hours, supported by bullish technical indicators. The Aroon Up indicator reached 100.5%, and the Parabolic SAR indicator (Parabolic SAR) was below the price, indicating strong buying momentum. However, spot exchange data shows that DCR experienced a net outflow of approximately $745,000 this week, marking the third-largest single-week sell-off since 2022. DCR is currently in an upward channel, with a year-to-date increase of 106%, and its future trend depends on whether the bullish momentum can offset the increasing selling pressure in the spot market.