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DSLA Crypto Breaks Above Crucial Resistance, What’s Coming Next?

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DSLA Crypto Breaks Above Crucial Resistance, What’s Coming Next?
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  • The DSLA crypto price is trading flat followed by the last 24 hours.
  • The fully diluted market cap of the DSLA Protocol is relatively low.
DSLA Crypto Breaks Above Crucial Resistance, What’s Coming Next?
Source: CoinMarketCap

DSLA Protocol is a platform that helps users manage the risks of online services, such as staking and DeFi, by using smart contracts, insurance policies, and liquidity pools. It rewards service providers for quality and compensates users for losses.

The circulating supply of the DSLA token is 5.491B DSLA, the total supply of the crypto is 5.709B DSLA and the fully diluted market cap of the token is $8.6M.

With the advance in the crypto trading price, the market cap of the DSLA token has increased by 10.05% resulting in $8.117M. When writing, the traded volume of the crypto in the last 24 hours, is $293,085 resulting in a volume/market cap ratio of 5.03%. 

The volume/market cap ratio of the crypto is 0.0352 and the market cap dominance of the crypto is 0.001%. It results in a market cap rank of #1156 as per Coingecko.

DSLA Token Contract Overview

DSLA Crypto
Source: Etherscan.io

The holders of the DSLA token have slightly declined resulting in 9,724 followed by a total transfer of 119,725. The most recent recorded transfer amount for the crypto is 33.728M DSLA and the transfer count is 49.

DSLA Crypto Technical Analysis

DSLA Crypto
Source: DSLA/USD Chart By Tradingview

The DSLA crypto has lost its value by more than 95% from the all-time highs and is now trading in a strong downtrend. The crypto price is currently taking support at lower levels and trying to rebound. In order to reverse to a bullish trend the price will have to break above the level of $0.0043475. 

DSLA/USD Live Chart by TradingView

The DSLA crypto price is trading above the crucial EMAs and trading in a golden cross of 20-day and 200-day EMAs. The 50-day EMA is also approaching towards a higher level, which might lead to a bullish cross of EMAs.

The MACD indicator is building up green volume blocks on the daily timeframe. The signal line and the MACD line are also trading in an uptrend following a bullish cross. 

Conclusion

The DSLA crypto has shown a strong recovery from its all-time lows and is trading above the key EMAs. The MACD indicator also signals a bullish momentum. DSLA crypto has the potential to break the downtrend and reach new highs. Thus, if the price breaks above the level of $0.0042050, we might get to see higher prices in the crypto.

Technical Levels

  • Support levels- $0.0003863 and $0.0008503
  • Resistance levels- $0.0120 and $0.0236
Disclaimer

The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.

P
Written by
Cryptocurrency Writer

Pratik Chadhokar is a cryptocurrency and markets writer contributing to The Market Periodical. His coverage spans Bitcoin and Ethereum price analysis, staking, cross-chain tools and crypto regulation.

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About this article

PublishedDecember 1, 2023 5:03 pm
Last updatedJanuary 17, 2025 3:50 pm
Written byPratik Chadhokar, Cryptocurrency Writer
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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