- The DAR trading volume has increased upto 40.20% in the past 24 hrs.
- The bulls have started steadily to capture the market, without aggressive trading.
- A clear uptrend can be observed over the short-term ( 45 min) time frame.
Mines of Dalarnia (DAR) is an action-adventure game with a blockchain real-estate market. MoD is based on a simple and simultaneously captivating gameplay, where users can mine and combine in-game items, then utilize them to upgrade their characters (skills and equipment), thereby increasing their rank in the game.
The DAR price has started its’ recovery phase, but still, the price is trading below its moving average. A change in trend can be observed over the graph, the pattern has changed from a downtrend to sideways over the short and medium time horizon. It looks like both the bulls and bears are having a tough fight to get over the market.
Talking about the price, the current price of one DAR coin is $0.49, the price is at a gain of 1.80% in its market capitalization in 24 hrs trading session, which is a result of bulls participating back in the market. Whereas the price made a higher high of $0.54 over the intra-day trading session. The coin has a trading volume of 187 million which got an increase of 40.20% in the last 24 hrs and has a market cap of 103 million with a gain of just 2.15% in it. While the volume market cap ratio for DAR has a value of 1.8.
Let’s see what technical indicators suggest
While analyzing the graph for the short term (4 hrs) we get the same sideways trend between support and resistance of $0.40 and $0.54 respectively if it made a breakout the price may hit the resistance of $0.65.
The MACD indicator is indicating a bullish movement as the MACD line is above the MACD signal line, the signal is not very strong as the gap between the two lines is not very broad and the histograms are very small.
The relative strength index is not indicating any clear movement but the RSI is moving towards the overbought region which means the bulls are doing their part for the token. The current RSI value is above 55.
The token has started recovering as we can observe the trend reversal has begun. While on the min time frame the uptrend has started. If the scenario continues the bull market can return soon.
Resistance: $0.60 and $0.70
Support: $0.35 and $0.25.
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
ALSO READ: Bitcoin Cash Price Analysis: BCH Rejected Many Times at 2019 Lows, What Bulls Plan now?
- Crypto Mining Tax Introduced by The Biden Administration - May 4, 2023 12:00 pm EDT
- RPL Price Prediction: Rocket Pool to Propel Near Recent Peak - May 4, 2023 10:00 am EDT
- $22M crvUSD Minted Since its Mainnet launch by Curve Finance - May 4, 2023 9:30 am EDT