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- 1 At press time, the DCARD crypto price was $0.029, recording a positive intraday development of 8.93%.
- 2 The DECENTRACARD crypto trades nearly 20% higher than its all time low value.
The DCARD crypto jumped higher intraday on Wednesday and snapped off a losing streak of five sessions. The crypto trades at $0.029 intraday adding over 8.93% to its market value.
However, the DCARD crypto still hovers in a risky zone as the price is running close to its all time low value. The crypto hit a fresh all time value of $0.024 on March 1st 2024. The price is only 20% away from its all time low value and is at a risk of losing more value.
The bulls are struggling to gain traction and regain control over the trend. The price is headed to recover the earlier losses and has surged nearly 8.93% at the time of writing.
DCARD Crypto Fundamental Outlook
Decentracard is a platform that aims to emerge as a future of payments services with their decentralized credit cards. it leaves an option for the users to select between a Prepaid Mastercard and a Prepaid Visa Card. DCARD crypto claims to provide a safe and secured transaction platform for their users.
Users can purchase, shop and travel with their cards. In addition they can get a 5% cashback at their featured stores.
In addition to payment solutions, Decentracard is at the forefront of eSIM technology. They offer eSIMs for various regions, including the USA, UK, Australia, and a global option. These eSIMs provide instant access to high-speed internet while allowing users to maintain their primary SIM card.
This innovation positions Decentracard as a first mover in the market, offering a decentralized solution that doesn’t compromise on privacy and ensures users stay connected wherever they go.
DCARD Crypto Volume Analysis
The volume analysis shows that DECENTRACARD crypto received nearly 128.16 K volume in Intraday which is nearly 13.5% higher than the previous day. It has a market capitalization ratio of $2.87 Million.
The volume to market cap ratio is 4.44% indicating low volatility in the crypto. It has a circulating supply of 100 Million DCARD tokens which is also the total supply. The fully diluted market cap is $2.91 Million.
DCARD Crypto Technical Analysis.
From a technical point of view, the DCARD cryptocurrency hovers below all the key EMAs of 20, 50 and 200 days suggesting a negative outlook in the short term as well as long term.
At the time of writing, the RSI line was placed close to 41.97 points and that of the SMA line was placed at 37.43 points. Both the lines were hovering below the mean line indicating a bearish outlook in the short term.
Conclusion
The DCARD crypto has surged higher in Intraday and is recovering the losses on Wednesday. The crypto trades in a bearish territory and is at the risk of sliding lower. The price hovers close to its all time low value of $0.024.
Now, if the bulls are able to defend the lower levels, then the crypto may head for a recovery. Whereas, if the bears dominate at the higher levels, then the crypto may continue to drop towards the lower levels and might hit a fresh all time low if falls more than 20%.
Technical levels
- Support Levels: $0.024 and $0.010
- Resistance Levels: $0.041 and $0.0586
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
