DIA Consolidates Below Key Moving Averages as On-Chain Fundamentals Suggest Recovery

DIA has been moving sideways in recent times, consolidating the recent sell-off. Analysts have pointed out that even though the recent price movements have been cautionary, the fundamentals of the project remain strong. The recent adoption of DeFi and RWAs could be positive news if the market starts recognizing the potential of the project in the future.

At the time of writing, DIA is trading at $0.2695 with a 24-hour trading volume of $2.84 million and a market capitalization of $32.12 million. DIA’s price increased by 0.59% over the last 24 hours.

Source: CoinMarketCap

DIA Faces Resistance Near $0.27

A well-known crypto analyst, Alpha Crypto Signal, highlighted that DIA is displaying some weakness due to the recent sell-off. DIA is currently in a consolidation phase as it trades lower than the 20 EMA as well as the falling 50 SMA. DIA’s attempts to rise to the range of $0.269 to $0.270 have failed.

Source: X

As per the analyst, if the token continues to hold below these moving averages, a drop to $0.262–$0.258 could be seen. However, if a strong break above $0.270 occurs, a stronger recovery could be seen.

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DIA Signals Emerging Accumulation Phase

However, another analyst, Axen, also mentioned that while DIA’s price action looks quiet at first glance, “the bigger picture looks rather interesting.” The token is currently trading around $0.26 and is sitting near its cycle lows in terms of market capitalization, at around $32 million and a diluted valuation of less than $55 million for a live oracle offering transparent data feeds and expanding use in DeFi and RWAs.

Source: X

Technically, the token is trading sideways since it discovered its support at $0.23. The RSI is neutral since it is not overbought or oversold.

Additionally, the token is still trading lower than its long-term MA zone, which is favorable for accumulation rather than selling pressure. The trading volume is stable and not increasing rapidly.

Fundamentally, what DIA provides is an opportunity because the Oracle service is an important part of the DeFi and on-chain financial space, and that’s going to grow even more so because of the institutions that will be entering the space.

There’s more need for data feeds that can be trusted and verified, and that’s what differentiates DIA from the competition, which includes Chainlink and API3.

If adoption is continued and the market is seen to factor in fundamental values instead of short-term movements, a growth of 2-3 times in value is a possibility by the year 2026, as suggested by analysts. This is a classic example of a period of accumulation.

Source: X

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