Destra crypto is up 70% in 7 days: Will DSYNC’s rally hit $0.60?
The post Destra crypto is up 70% in 7 days: Will DSYNC’s rally hit $0.60? appeared on BitcoinEthereumNews.com.
The price surge of Destra crypto aligned with robust sentiment, so breaking resistance at $0.5349 is critical. Record active addresses confirmed a strong foundation for sustained growth. Destra Network [DSYNC] has been on an impressive run, climbing 70% over the past week and attracting significant market attention. At press time, DSYNC was trading at $0.5113, reflecting a notable 9.89% increase in the past 24 hours. This surge has been fueled by robust market sentiment, increasing network activity, and strong on-chain metrics. Therefore, investors are closely monitoring whether this momentum will continue. Breaking down Destra crypto: $0.60 on the horizon? Destra Network’s price movement has been nothing short of remarkable. The price has surged consistently, reaching $0.5113 and pushing toward key resistance at $0.5349. If this level is decisively breached, DSYNC could target the psychological milestone of $0.60, presenting further upside potential. Additionally, the recent breakout from a downward channel and the formation of a bullish cup-and-handle pattern suggest strong buyer interest. Therefore, with sustained volume backing this movement, the price outlook remains optimistic. Source: TradingView Technical signals point to bullish momentum Technical indicators also aligned with Destra’s bullish trajectory. The Relative Strength Index (RSI) was 66.71 at press time, indicating significant buying pressure while leaving some room before hitting overbought territory. Furthermore, the Directional Movement Index (DMI) highlighted strong bullish sentiment, with the positive directional index (+D) at 31, the negative directional index (-D) at 12, and the Average Directional Index (ADX) at 28. These figures confirmed that buyers were in control, and upward momentum remained dominant. Source: TradingView Profitability insights: What the MVRV ratio says The MVRV (Market Value to Realized Value) ratio provided further clarity into market dynamics. Notably, Destra crypto’s MVRV ratio was at 3.43, suggesting that while many holders were in profit, the market was not…
Filed under: News - @ January 6, 2025 5:19 pm