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DCR surged 120% this week but faced resistance; ICP and QNT show mixed technical signals.
[Crypto World] In this recent rebound, Decred (DCR), Internet Computer (ICP), and Quant (QNT) have performed quite impressively, with all three seeing double-digit gains. However, from a technical perspective, the situation is a bit complicated.
DCR surged 120% this week but is now stuck around the $50 level, unable to push higher. The RSI indicator shows a reading of 60, indicating that upward momentum is starting to fade. ICP gained 14%, but it couldn’t hold above the $6 mark, with its RSI soaring to 70, clearly indicating overbought conditions. QNT increased by 18%, currently hovering around $85 and challenging the 50-day moving average resistance at $88.75. Its RSI has fallen back to 51, suggesting that buying pressure is beginning to recover.
All three cryptocurrencies are now facing critical resistance levels. Whether they can break through these points will largely determine their short-term direction moving forward.