DIA Targets $1.98 After Breaking $0.72 Resistance: Could This Be the Start of a Larger Climb?

News

  • DIA/USDT broke above the $0.50 resistance, reaching a high of $0.6090 before retracing to $0.5622.
  • The 50-period moving average and RSI confirm sustained bullish momentum since February 9.
  • Former resistance at $0.4996 now acts as support, maintaining structure despite short-term pullbacks.

DIA, a cryptocurrency under  Ethereum token that governs Decentralized Information Asset (DIA), an open source Web3 data and oracle platform has seen a renewed market strength. During today’s Asian trading session, the digital opened its market with a price value of $1.007 before a slight dip to the current price levels. 

A Deeper Dive to the Current Market Action

According to CoinMarketCap data at the time of press, DIA traded at $0.9523, marking a 0.28% decline in the last 24 hours. The chart shows early upward movement, with price climbing from $0.9469 to above $1.02. This bullish spike peaked before a sharp drop followed. DIA retraced below $0.98 and continued a downward trajectory throughout the morning.

Source: CoinMarketCap

By 9:00 AM, the price had settled near $0.96, showing decreased volatility and tightening range. A minor bounce occurred around 12:00 PM but failed to reclaim higher levels. Throughout the afternoon, DIA traded sideways, hovering just below the $0.96 mark. Price closed near its current level after retracing from the earlier intraday high above $1.02.

DIA/USDT Pair Breaks Resistance, Maintains Uptrend With Strong Momentum

Tracking the trading history of DIA, a technical analysis by Decilizer reveals that the digital asset recorded a sharp move upward after trading within a tight range between $0.38 and $0.46. This sideways action continued until February 9, when a clear shift in market behavior took place. Momentum increased sharply around February 16, leading to a strong price breakout above the $0.50 mark. The breakout pushed the asset to a session high of $0.6090 before a brief correction followed.

Source:  X

During the breakout, trading volume surged, confirming the strength behind the upward movement. A major resistance at $0.4996 was cleared, which now acts as a key support level. Even after the pullback, the price remained above this zone, maintaining upward pressure. 

Indicators Reflect Positive Momentum

The 50-period moving average consistently trended upward through the observed period. This trend confirms sustained bullish control. Meanwhile, the Relative Strength Index (RSI) moved mostly above 50 after February 9, showing active buying interest. A sharp RSI rise also coincided with the price spike above $0.60.

A failed breakout occurred earlier on February 3, when price briefly crossed $0.52 before returning lower. That level later acted as resistance until it was breached during the recent breakout. After the sharp move to $0.60, a rejection followed, pushing price down to $0.56. DIA/USDT now maintains structure above prior resistance zones, reflecting strong ongoing momentum.

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