Hey, let's take a look at $DIA . It's currently trading at $1.17, with a 15.37% increase in the last 24 hours. The market cap is around $143.6 million, and the volume is $44.8 million.
Yesterday was quite eventful, with DIA rising 60% to $1.26, but then falling back to $0.94, which is also the 0.5 Fibonacci retracement level. It's interesting to note that it almost reached yesterday's high.
So, what can we expect next? Well, the resistance level is at $1.26, and the support level is at $0.94. The Fibonacci levels are also worth keeping an eye on - 0.236 is at $0.73, 0.382 is at $0.84, 0.618 is at $1.05, and 0.786 is at $1.17.
Technically, the RSI is neutral at 64.12, and the MACD has had a bullish crossover. The moving averages are also looking good, with the 50-day MA at $0.83, the 100-day MA at $0.73, and the 200-day MA at $0.64.
Considering all this, it seems like DIA might continue its bullish trend. But, of course, cryptocurrency markets are notoriously volatile, so we should be prepared for anything.
If you're a long-term holder, it might be worth holding onto your positions. And if you're a short-term trader, it's probably best to wait for confirmation above $1.26 or below $0.94.