The price of Decred ( PSX:DCR ) saw a noteworthy uptick of nearly 100% today albeit market bloodbirth. Tokens like $ZCASH, NASDAQ:DASH , and CRYPTOCAP:ICP followed the same pattern too.
As of the time of writing, PSX:DCR is up 43% trading within a broken symmetrical triangle with an RSI of 67 as per the 4-hour price chart.
Momentum is still going up, however, caution should be taken in the case of a pullback.
About Decred
Decred, launched in 2016, represents a significant evolution in the cryptocurrency space, emphasizing a blend of security, user empowerment, and adaptability. It stands out due to its innovative consensus mechanism that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS), a method designed to ensure that both miners and coin holders contribute to the network's decision-making process.