DIA +193.72% in 24 Hours Driven by Strong On-Chain Metrics and Growing Institutional Interest

On SEP 6 2025, DIA rose by 193.72% within 24 hours to reach $0.7464, DIA rose by 1130.56% within 7 days, rose by 1010.1% within 1 month, and rose by 886% within 1 year.

The recent performance of DIA has drawn attention from both retail and institutional participants, fueled by a combination of on-chain activity and improved sentiment toward data utility tokens. Over the past 24 hours, the token has posted an extraordinary price increase, reinforcing its position as a high-momentum asset. Analysts attribute the upward trend to increased adoption of DIA’s decentralized oracle network, as well as growing demand for its services in DeFi and automated market-making ecosystems.

From a technical standpoint, the asset has shown consistent strength across multiple timeframes, with indicators aligning in a bullish formation. The 50-day and 200-day moving averages have both been breached, supporting the narrative of a long-term upward trend. Additionally, the Relative Strength Index (RSI) has remained in overbought territory for most of the week, signaling strong momentum and potential for continuation. While some traders have begun to take profits, the broader market remains supportive of further gains.

Backtest Hypothesis

Historical performance has demonstrated that DIA’s price movement tends to align with on-chain volume and network usage metrics. A potential backtesting strategy could focus on using the 50-day and 200-day moving average crossovers as primary signals, combined with RSI divergence to identify entry and exit points. This approach would aim to capture upward trends while filtering out false breakouts. Given the recent alignment of moving averages and the strength of RSI, the strategy may offer a compelling case for continued long positions in DIA.