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DIA Crypto Up 140% in 2 Weeks – Can Bulls Break the 2024 Peak?
The DIA cryptocurrency has been on a tear recently, surging an impressive 140% in just two weeks. This remarkable rally is largely attributed to its staking demand and Ethereum ecosystem projects witnessing explosive growth amid broader market recovery and tokenization narratives.
According to data from CoinMarketCap, DIA was the top weekly performer within the oracle segment, with its price skyrocketing to reach $1 for the first time since late 2024. The recent rally was further fueled by the newly launched DIA staking mechanism.
However, a record-high surge in profit-taking activity may be putting the brakes on this explosive growth. According to Glassnode data, holders have been booking profits at an average rate of $11.4 million per day following the recent upswing. This is significantly higher than previously seen during similar market cycles.
In fact, previous instances of such rapid price appreciation, as witnessed in late 2024 and March 2024, resulted in local price peaks. It seems that the current situation may be mirroring these patterns, with profit-taking activity reaching new heights.
Should bulls manage to overcome this sudden sell-off and break through recent resistance levels, they could potentially push DIA’s value higher than its 2024 peak. Nonetheless, the likelihood of a retracement cannot be ruled out entirely, given the current circumstances.
Given the asset’s price action has been stuck within a range between $0.2 and $1.34 since last year, it may become an attractive opportunity for both bears and bulls seeking to capitalize on trading opportunities.
It is essential to monitor the situation closely, as any further adjustments in investor sentiment could significantly impact DIA’s trajectory moving forward.
Source: eng.ambcrypto.com
