Decred (DCR) tests key $28 demand area after 10% slide from $34.40 resistance

Decred’s price has slipped about 10% in the last day after a rejection near the $34.40 supply zone and is now probing a major demand area around $28. On-chain indicators and momentum signals appear mixed, with neutral readings, a drop in transaction count, and dormant whales contrasting with rising long positions and growing buyer dominance. The reaction around $28 is likely to define DCR’s next move, either setting up a short-term rebound toward mid-range resistance or opening the door to a deeper decline if support breaks.