Dia, the native token of the decentralized Oracle -Protocoldia, collected more than 25% because Smart Money investors showed renewed interest in actively.
Summary
- Dia -price has risen by more than 30% today, because Smart Money investors increased their participations.
- Based on technical indicators, DIA can see Price Action in the short term.
According to data from crypto.news Dia (DIA), on Tuesday 26 August Asian times came to an intraday height of $ 0.84 of $ 0.84 before he was involved in $ 0.76. The rebound comes after weeks of a downward trend that still leaves the price of the active with 18.7% from the moment of the press.
Dia’s meeting Today mainly came to the back of renewed question of smart money investors. Facts From Nansen shows that the balances of these portfolios have increased by more than 40% for the past 24 hours.
An increase in smart money accumulation can usually stimulate retail interest, because traders consider it a sign of growing trust in token, which in turn can support further price rating.
The renewed question of Smart Money follows the recent announcement of DIA from her partnership with Units.network, a cross-chain liquidity infrastructure.
In a August 25 X announcementDia revealed that it has officially integrated its verifiable Oracle infrastructure in Units.network, giving developers access to transparent, high-quality priceFeeds for building robust defi-applications.
As far as Dia is concerned, the partnership improves the usefulness of its ecosystem and also benefits from an increased demand for its tokens by incentives for the use and validator that are linked to Oracle use.
It is remarkable that data from third parties also demonstrate that the balance held by stock markets has fallen from 85.6 million to 81.21 million tokens. Such a drop means that there are even fewer tokens to sell, which can help raise the price if the demand remains strong.
Despite these bullish catalysts, who may be able to support the price of DIA, technical indicators suggest a dark prospect.
In particular, the 20-day simple advancing average seems ready to cross under the 50-day SMA. Such a crossover is usually interpreted as a bearish signal, indicating that the momentum is weakened in the short term compared to the medium -term trend.
Moreover, the Aroon indicator strengthens the Bearish bias. The Aroon Down is currently at 92.86%, while the Aroon is up at 0%. This combination means that a recent high was recorded long ago, while a recent layer took place very recently, often indicative of a prevailing downward trend with little bullish strength.
However, Dia has been traded in a falling wig pattern since the end of July. This pattern is generally considered a bullish, because it often precedes a trend remark when it is confirmed by a breakout above the upper trend line.
A successful outbreak would invalidate the current downward trend and open the door for a meeting in the direction of the psychological resistance level of $ 1.
However, if there is no outbreak, the next support level is around $ 0.66, which is approximately 13% below the current price and is a row with the 38.2% Fibonacci retracement level, making it a possible short-term objective.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
