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- The dKargo price is currently trading at $0.03007.
- The coin price has recently given the breakout of the falling channel and is continuing its uptrend.
dKargo (DKA) coin is a native token of the dKargo platform. It aims to enhance the efficiency and transparency of the global logistics industry. It uses blockchain technology to solve the trust issue among participants in the logistics industry by creating safe and tamper-proof records of all transactions.
dKargo (DKA) Coin Price Analysis
The DKA coin price is currently trading at $0.03007 with a gain of 0.47% it witnessed in the last 24 hours. The coin price is currently trading with a 24-hour trading volume of $311.457K. It is ranked at 267 position by coin market cap because of its market capitalization of 92,971,456 USD. It has a current supply of 3,121,666,667 DKA coins in the market. It has a maximum supply of 5,000,000,000 coins.
Price Analysis on DKA Coin on the 1-Day Timeframe
In the wider outlook of the DKA coin, it was trading in a falling channel pattern. Recently, after taking support from the $0.02245 level it initiated a bull rally and has given the breakout of the falling channel pattern. It has also retested the upper trendline of the falling channel and is currently resuming its uptrend.
The price has also reclaimed the 50-day EMA and the 200-day EMA line and is trading above them. It shows the bull’s presence and control in the current scenario. The EMA lines are about to do a bullish crossover where the 50-day EMA will intersect the 200-day EMA. It will signal the strong buyer’s control over the price.
The relative strength index is above its 50 level and is currently heading towards bullish territory. The RSI line is sloping in the upward direction, which shows the ongoing buying pressure. In the current scenario, the price can reach its $0.03351 resistance. If the bulls show strength, the price might be able to give a breakout of $0.03351 resistance. After that, it may rise to its next resistance at $0.04222. It should give the breakout of $0.04222 resistance for a further rise. It may rise to its next resistance at $0.05497. For the Sellers to regain their bearish sentiment, they must close the price below the EMA lines. After that, the price may fall its support at $0.02245. If it also breaks below this level, it may fall to its immediate support at $0.02026.
Conclusion
The overall DKA price sentiment has changed to bullish as the price has given the breakout of the falling channel and EMA lines. The chances are high for a future rise in price if it gives the breakout of the $0.03351 resistance. Thus, it may continue its long-term bull run. The technical indicators are pointing towards the bull market in the upcoming trading session.
Technical levels
- Resistance Levels: $0.03351, $0.04222, and $0.05497.
- Support Levels: $0.02245 and $0.02026.
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing or trading in crypto comes with a risk of financial loss.
