Here’s Why Decred (DCR) Price Is Up Today

The Decred (DCR) price is flying today, jumping more than 50% to trade around $36.09, while also topping the daily gainer charts with a massive 430% surge in trading volume. 

Social and market momentum has turned sharply positive as well. LunarCrush data shows a 145% price gain over 1 year, 1,300% growth in social mentions, and sentiment at 87% positive. That combination has pushed DCR back into investors’ thoughts.

Part of today’s rally is tied to fresh exchange activity and renewed speculation. DCR’s appearance on Aster DEX for leveraged trading, along with recent mentions in prediction articles, attracted a wave of retail interest. 

The abnormally high 24h volume-to-market cap ratio of 0.183 indicates that short-term traders drive most of this move, which increases liquidity but can also attract potential profit-taking from long-term holders.

At the same time, the wider privacy-coin narrative has turned strongly bullish, and DCR is one of its biggest beneficiaries. Privacy assets like ZEC and XMR have been rallying, and DCR itself is up over 90% since November 3 after being reclassified by CoinMarketCap as a privacy-focused project. 

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Moreover, rising concerns about the EU’s 2027 anonymous-transaction restrictions have triggered a rotation into censorship-resistant networks, and Decred’s hybrid PoW/PoS governance and self-funded treasury give the privacy narrative more weight.

Here’s What the Decred chart Is Showing

The chart shared by top analyst RISK shows a sharp rebound from $25, pushing the DCR price straight into the $37–$40 resistance area. 

The momentum is convincing, but early exhaustion wicks around the top of the move, showing that buyers are starting to slow down as the rally meets heavy supply.

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Source: X/RISK

The crucial level now sits at $34–$35. If price retests this zone and buyers step in with force, the path toward $45–$47 opens up, which would complete a full recovery of the previous range. 

But if the DCR price loses this base, momentum collapses quickly, and the price risks sliding back toward the $27–$25 support that started the entire move.

On the 30-minute chart, the structure is forming a textbook retest setup. Everything comes down to how price behaves when it pulls back into support: strong reaction volume confirms continuation, while weak demand signals that today’s breakout may have been just a relief bounce.

Moreover, Decred is having one of its strongest days in years. Renewed exchange activity, a sector-wide privacy rally, and massive social momentum have all aligned at once. But technically, the DCR price is now entering the most important part of the move – the retest.

If $34–$35 holds, this breakout has room to stretch higher. If not, the chart shifts back toward consolidation. Either way, DCR is finally back on the radar again.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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