Decred (DCR) Breaks 4-Year Falling Wedge—$113 Price Target in Sight

• Decred’s breakout from a 4-year wedge sparks hopes of a 500%+ midterm rally, with price eyeing the $113 zone.
• Move from $18 to $21 backed by rising momentum and strong trader interest confirms bullish reversal.
• Fresh capital inflows add $50M in days hints at a major shift in long-term investor sentiment.

Decred (DCR) is showing strong momentum, trading at $20.33 after a 13% increase in the last 24 hours .Solid trading volume and steady gains over the past week, signal growing market confidence.

Wedge Breakout Signals Bullish Reversal

Decred (DCR) has broken its falling wedge pattern that had been forming from 2021. According to CryptoFaibik on X, this breakout mirrors bullish moves seen in ZEN and ZEC, both of which rallied significantly after similar setups.

The wedge pattern revealed a steady decline with lower highs and lows, showing long-term consolidation. Recently, DCR broke above the key resistance on the weekly chart, with several candle closes confirming the move. A surge in volume signals strong momentum and renewed buyer interest.

From a technical perspective, the breakout marks a transition from accumulation to markup phase. Based on the measured move theory, the projected target for DCR stands at approximately $113 — a massive 549% upside from the breakout level of around $19.

Short-Term Price Surge Reinforces Bullish Breakout

Between October 4 and 10, DCR showed a volatile yet impulsive bullish move. The price spiked sharply to $21.24, before retreating to $21.08 this is after trading between $17.50 and $18.50 for almost a week.

Momentum indicators,StochRSI and Williams %R are in the overbought territory, suggesting a potential short-term pullback. However, the MACD remains bullish, supported by strong DIF and DEA divergence. The breakout above the Parabolic SAR level at $18.05 further confirms bullish control.

On-chain, 61,685 DCR were traded in 24 hours — a notable uptick in participation. The sudden price surge, paired with high momentum and increasing volume, adds credibility to the breakout move. If DCR holds above the $19-$20 range, further upside toward $25–$30 could materialize in the short term.

Market Cap Jump Confirms Sentiment Shift

The Decred market cap chart from October 4 to 10 offers more context,after a $50M increase in just a few days. This sharp rise in value confirms investor confidence is building.

During the earlier flat price period, volume remained low — a sign of quiet accumulation. But starting October 9, market cap rose in tandem with the price, highlighting the transition from stealth accumulation to early-stage demand.

While volume hasn’t exploded yet, the price reaction suggests low liquidity resistance. This often attracts larger capital as the rally strengthens. Sustained momentum and volume will determine the long-term case.