DCR Technical Analysis Jan 24
The post DCR Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com.
Volume story – what participation tells us about conviction Volume Profile and Market Participation DCR’s 24-hour trading volume is hovering at $1.43 million, indicating participation significantly below the 7-day average volume ($3.2 million). While the price has declined %5.44 to $18.95, this low volume level shows that the selling pressure occurred without broad market participation. According to volume profile analysis, a dense POC (Point of Control) has formed in the $18-$20 range recently; this area stands out as a value zone where large trading volumes have accumulated. In the low-volume sideways trend, buyers have not yet entered, but panic selling is also limited. For a healthy volume profile, volume is expected to increase in upward movements and decrease in downward ones; currently, there is weak participation in both directions, emphasizing the lack of conviction. Market participants are cautious, likely monitoring BTC’s downtrend. Accumulation or Distribution? Accumulation Signals In low-volume declines, the price approaching the $18.75 support could signal potential accumulation. Volume divergence comes into play here: as the price makes new lows with decreasing volume, the likelihood of sellers exhausting increases. In the last 3 days’ MTF volume context, 2 support levels on the 1D timeframe (especially $15.47, score 73/100) are supported by volume, suggesting smart money might be preparing to accumulate at the bottom. RSI at 46.23 is in the neutral zone near oversold; while accumulation without volume increase would be difficult, low volume in sideways consolidation could hide stealth buys. For healthy accumulation patterns, volume staying below price and POC remaining stable are important; these signs are present in DCR. Distribution Risks On the other hand, with Supertrend bearish and price below EMA20 ($20.14), distribution risk persists. If volume remains weak on upward reactions ($19.24 resistance), it could indicate high-volume traps. On the 1W timeframe, 4 resistance levels…
Filed under: News - @ January 24, 2026 5:28 am