DuckChain Token (DUCK) — Obscure Memecoin Hits New All-Time High

Since its launch in January, the memecoin DuckChain Token (DUCK) has traded in relative obscurity, gradually losing more than 80% of its value.

After a gradual uptrend that has been ongoing since June, the DUCK price broke out yesterday and hit a new all-time high.

Interestingly, no news catalyzed the upward movement.

With that in mind, let’s examine a few charts and determine what lies ahead.

DUCK Price Analysis

The DUCK price had increased inside an ascending parallel channel since the start of June.

After several unsuccessful breakout attempts (red icons), the final one, coinciding with the $0.0063 resistance area, DUCK finally broke out yesterday.

Get These Top Crypto Casino Offers Now!

Sponsored

Disclosure

We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

#1

Crypto Games

Opened in 2023

Promotions

200% deposit bonus up to 20,000 USDT + up to 100 FS (promo code: CG100)

Coins

+7

• Tether
• Bitcoin
• Ethereum
• USD Coin
• TRON
• Litecoin
• Dogecoin
• Ripple
• Bitcoin Cash
• Solana
• Polygon Matic
• Build'N'Build

Claim Offer Read Review

#2

Jackbit

Opened in 2022

Promotions

100% of the first bet amount back + Rakeback up to 30% + 100 Freespins

Coins

+12

• Bitcoin
• Ethereum
• Tether
• Dogecoin
• Litecoin
• Bitcoin Cash
• TRON
• Ripple
• USD Coin
• Shiba Inu
• Dash
• Dai
• Monero
• Chainlink
• Solana
• Polygon Matic
• Build'N'Build

Claim Offer Read Review

#3

TrustDice

Opened in 2018

Promotions

500% Welcome Bonus up to $90,000 + 100 Free Spins

Coins

+3

• Bitcoin
• Ethereum
• Litecoin
• Tether
• Dogecoin
• USD Coin
• TRON
• Ripple

Claim Offer Read Review

Show More

The DUCK price hit a new all-time high of $0.0142, and while it initially failed to close above the $0.0095 area, it did that today.

Currently, the DUCK price is attempting to move above its previous highs.

If successful, the price could hit the 1.61 external Fibonacci retracement at $0.017.

Momentum indicators are extremely overbought but do not show any weakness yet. The Relative Strength Index (RSI) is above 70, and the Moving Average Convergence/Divergence (MACD) is positive.

The readings suggest that the upward movement may continue since neither has generated any divergence.

What’s Next for DUCK?

While it’s difficult to determine the price trajectory of parabolic upward movements, the wave count hints at where the DUCK price will go next.

According to the count, the DUCK price completed a wave one leading diagonal and has now started a parabolic wave three.

Wave three already had the same length as wave one and could extend to reach the 1.61 level, as often happens with wave three.

If that is the case, DUCK could hit a new all-time high of $0.020 before a significant retracement, part of wave four.

In any case, the upward movement is not done yet, and the DUCK price is likely to reach a new all-time high before the end of the year.

Final Thoughts

The price analysis suggests DUCK still has room to run before its next pullback, with momentum pushing toward new highs.

If the wave count remains valid, the upward movement could continue until the end of the year.

The first area for a local top is at $0.020, created by a third wave extension.

About the Author

Valdrin Tahiri

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.

[email protected] LinkedIn X.com