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Destra’s DSYNC Jumps 70%: Is $0.60 Within Reach?

DSYNC surges 70%. Is the $0.60 milestone within reach? Discover key indicators driving Destra’s price rally.

3 min January 6, 2025

Highlights:

Destra’s DSYNC surged 70% in a week, reaching $0.5113 with strong market sentiment.

Technical indicators show bullish momentum, suggesting DSYNC could target $0.60 if resistance breaks.

Increased daily active addresses support growth, signaling strong network adoption and price sustainability.

Destra’s DSYNC Jumps 70%: Is $0.60 Within Reach?

Destra Network’s DSYNC token has surged by 70% in just one week. Currently trading at $0.5113, DSYNC saw a 9.89% gain in the last 24 hours. Strong market sentiment, rising network activity, and favorable technical indicators point to more gains for DSYNC.

 

Can DSYNC Push Past $0.60?

 

 

Destra’s price movement has been impressive. From $0.30, the token now sits at $0.5113, approaching key resistance at $0.5349. A break above this level could send DSYNC toward the $0.60 mark, a significant psychological milestone. 

 

The recent bullish cup-and-handle pattern and breakout from a downward channel suggest strong buyer interest. If volume remains high, DSYNC may push past the $0.60 resistance and continue climbing.

 

Bullish Momentum Supported by Technical Indicators

 

The Relative Strength Index (RSI) for DSYNC stands at 66.71, showing strong buying pressure but still some room to grow before reaching overbought territory. The Directional Movement Index (DMI) also highlights a bullish trend. 

 

Positive directional index (+D) is at 31, while the negative directional index (-D) sits at 12. The Average Directional Index (ADX) is 28, confirming that buyers are in control. The MVRV ratio, at 3.43, suggests that while many holders are in profit, sell pressure remains manageable. 

 

This indicates a lower risk of price retracements. Additionally, daily active addresses for Destra Network reached a record 3,403, a sign of increasing user engagement. Historically, these spikes in activity have led to price rallies.

 

 

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