The sudden surge has caught traders’ attention across the crypto space as the token approaches a major resistance level not seen in years.
Now, with momentum building, all eyes are on whether DIA can break through and kick off what some are calling a long-overdue bull run.
DIA Price Analysis
After crashing 96% from its April 2021 all-time high, DIA began showing early signs of a recovery in late 2023.
September 2023 marked the beginning of a trend shift, as the token finally broke above its long-standing downtrend resistance line.
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The turnaround started gradually but picked up pace in early 2024, propelling DIA to a local high of $1.35.
Although it hasn’t reclaimed that level since, price action has confirmed the $1.15 mark as a key horizontal resistance, one that DIA is now testing once again.
DIA’s chart has also formed a series of higher lows, reinforcing the strength of the ongoing bullish trend.
Following a massive 200% rally in under three weeks, DIA’s price is eyeing a clean breakout above $1.15 today.
If it succeeds, the next major resistance level sits at $2.30, followed by the all-time high near $5.80.
The Relative Strength Index (RSI) has moved into overbought territory above 70, while the MACD continues to trend positive, both signs that bulls remain in control.
If current momentum holds, a move toward $2.30 looks increasingly likely in the coming weeks.
Will DIA Break Out?
Zooming in on the movement reiterates the importance of the $1.10 resistance for DIA’s breakout.
Beyond being a horizontal resistance area that has existed for several years, it coincides with the resistance trend line of an ascending parallel channel.
Channels often contain corrective movements, so a breakout from this one will confirm a trend reversal.
To conclude, all signs indicate a DIA price breakout above $1.10 and a rapid rally toward $2.30.
A weekly close above the $1.10 area and the channel’s resistance trend line will confirm the move is underway.
Bullish DIA Trend
In summary, DIA’s technical analysis, momentum indicators, and wave structure all support a bullish price breakout.
If the DIA price decisively clears the $1.10–$1.15 resistance zone, a rapid rally toward $2.30 and even new all-time high appears more and more likely.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
