Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptoknowmics 2022-05-20 04:00:55

DIA surge 100% in 8 Days; Buyers Target $1.15 as Prices Bottom Up

DIA is up 100 percent in eight days, breaking above $0.85 as buyers flock back. Buyers appear to be in charge, and prices may rise to retest April 2022 highs. Past Performance of DIA DIA prices are defying gravity at spot rates. It is up roughly 100 percent in eight days, breaking above a critical resistance level as buyers double down. From the daily chart, DIAUSDT is within a bullish breakout formation. Notably, bulls have reversed losses posted in the first half of May 2022. DIA Technical Analysis The explosion of prices on May 18 served buyers. After sharp losses in the first week of May, the wide-ranging, bullish engulfing bar broke above the middle BB. As it is, the middle BB serves as the immediate support level. Since the trend is clear, traders can search for entries to double down on dips above $0.40 and $0.60 (ideally within May 18). The immediate target will be this week’s highs of $1.15 which also flashes with April 2022 highs. What to Expect? Crypto prices are bottoming up after worrying dips below Q1 2022 lows from late April 2022. DIA will likely recover above $0.85 and glide to April highs in the days ahead.The post DIA surge 100% in 8 Days; Buyers Target $1.15 as Prices Bottom Up appeared first on Cryptoknowmics-Crypto News and Media Platform.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.