Decred/Tether (DCRUSDT) Market Overview – 2025-11-03

• DCR/USDT rallied 34.1% in 24 hours, closing near a multi-week high at $26.35.
• Price broke above a key resistance at $21.00 with strong volume confirmation.
• MACD and RSI signaled strong bullish momentum with no immediate overbought signs.
• Bollinger Bands expanded significantly, indicating rising volatility and trend acceleration.
• Volume and turnover surged during the late-ET breakout, confirming institutional strength.

The Decred/Tether (DCRUSDT) pair opened at $18.47 on 2025-11-02 at 12:00 ET and closed at $26.35 the following day at the same time, marking a strong 34.1% increase over the 24-hour period. The high reached $27.49 while the low was $17.93. Total volume across 96 15-minute intervals was approximately 198,500 units of DCR, with a notional turnover of $4.22 million, showing robust on-chain participation.

Structure & Formations

The 24-hour candlestick pattern shows a clear bullish breakout above a key resistance level around $21.00, followed by a continuation of upward momentum. A large green candle on 2025-11-03 at 17:00 ET recorded a high of $27.49 and closed at $26.35, confirming institutional participation and strong conviction. No classic bearish patterns like dojis or bearish engulfings were observed during the downtrend phase; however, several bullish engulfing patterns preceded key price levels. A critical support at $18.20 appears to have held during the early-ET pullback.

Moving Averages

On the 15-minute chart, price has closed above the 20SMA and 50SMA, with both lines trending upwards, reinforcing the bullish bias. On a broader time horizon, the 50DMA and 100DMA have been breached, with the 200DMA still acting as a dynamic floor, which now sits at $18.65. This alignment of moving averages across timeframes suggests a strong continuation of the current uptrend in the near term.

MACD & RSI

The MACD is in bullish territory with both the line and histogram rising, confirming the strength of the upward move. The signal line crossed above the zero level early in the breakout phase. RSI is currently at 71, which is approaching overbought territory but still within a sustainable range for an accelerating trend. Momentum remains strong with no signs of exhaustion yet.

Bollinger Bands

Volatility expanded significantly during the breakout, with Bollinger Bands widening as price surged past $21.00. Price has remained above the upper band for multiple intervals, signaling strong directional bias. This suggests elevated risk of a consolidation or pullback in the near term, but also highlights the strength of the underlying trend.

Volume & Turnover

Volume and turnover both surged during the late-ET and early-ET hours, with a sharp increase in trading activity between 16:45 ET and 17:00 ET. This coincided with the breakout above $21.00 and the subsequent rally. The close correlation between price and volume confirms the authenticity of the move and reduces the likelihood of a false break. Turnover exceeded $1.4 million during the most active 15-minute candle, suggesting significant liquidity and participation.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from the low of $17.93 to the high of $27.49, price found key support at the 61.8% level ($22.50) and resistance at the 38.2% level ($24.15). These levels provided meaningful directional guidance, with price pausing briefly at each before continuing upward. The 78.6% extension level at $29.35 could become a near-term target if the current trend holds.

Backtest Hypothesis

To further test the strength of the breakout, a backtesting strategy can be implemented focusing on key candlestick patterns—specifically, the Doji Star and Bullish Engulfing patterns—near defined resistance and support levels. These patterns, when confirmed by volume and price action, can act as high-probability trade triggers. For example, a Bullish Engulfing pattern near a resistance level, followed by a breakout and a surge in volume, has historically signaled strong trend continuation. By re-running this strategy with properly formatted queries or uploaded pattern dates, we can validate its predictive power for DCR/USDT and refine trade entry rules accordingly.