DeLorean narxiDMC

$DMC just printed a classic spike and test. Price is sitting around 0.001205, up more than 11% in 24 hours, but the real story is that sudden vertical candle to 0.001506. That move was aggressive. Fast expansion. Pure momentum. Let’s slow it down and read it properly. We were trading quietly near 0.00107–0.00108. Then out of nowhere, buyers stepped in hard and pushed price straight up. That kind of candle usually means one of two things: short squeeze or heavy spot accumulation. After hitting 0.001506, price pulled back — but here’s the important part: it didn’t collapse back to the origin. It stabilized around 0.00117–0.00121. That shows absorption, not panic. Key numbers: • 24h High: 0.001506 • 24h Low: 0.001081 • 24h Volume: 426M DMC • Order book: 52% bids vs 48% asks Buy pressure is slightly stronger right now. Not extreme, but supportive. On the 15m structure: • One strong impulse leg • Controlled retracement • Sideways compression forming As long as price holds above 0.00117, bulls still have structure. If buyers reclaim 0.00130–0.00135 with strength, the 0.00150 high becomes a target again. But if 0.00117 breaks cleanly with volume, we likely revisit 0.00108–0.00110, where the move started. This doesn’t look dead. It looks like a coin deciding whether to build a base above breakout… or fade back into range. Right now DMC still has energy. The next breakout from this compression will define the direction.

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