DF Breaks Key Resistance After Downtrend Reversal, Eyes Further Upside Above $0.03476

DF has broken a descending trendline and surpassed a horizontal resistance area on the daily chart.

Price rose 3.6% in 24 hours, reaching $0.03411, with a resistance target at $0.03476.

Technical setup reflects upward momentum after a long period of compression within a falling channel.

DF/USDT has broken out of a multi-month downtrend channel, gaining 3.6% in the past 24 hours to $0.03411. The price movement follows a clear breakout above both trendline and a horizontal support-resistance band, which had been limiting upward advances for weeks. The structure now indicates a change of short-term momentum following prolonged consolidation in a bearish range.

Resistance Zone Retested as Price Strengthens

Following the breakout, the asset has moved to test a near-term resistance level of $0.03476. This area had previously acted as a rejection point but now offers a potential confirmation level. The move also follows a clean retest of the horizontal structure around $0.03274, which now acts as support.

However, sustained movement above this range remains necessary to confirm directional intent. This has been the case in the 24-hour price range of between the stable of $0.03274 and the stable of $0.03476, indicating that market participants are awaiting confirmation of breakout strength.

Downtrend Break Accompanied by Bullish Volume Shift

The break of the trendline came with a shift in momentum indicators, confirming a bullish technical alignment. The downtrend began in early March and extended through July, forming a narrowing structure. Over this period, the price remained within a consistent declining range, with resistance forming along the upper trendline.

Source: TradingView

The current movement marks the first significant close above that trendline. This has triggered renewed short-term interest, with buyers lifting the pair through prior resistance zones. A clear and decisive move beyond the $0.03476 resistance could indicate further upside.

Momentum Builds as DF Extends Daily Gains

At the time of writing, DF trades at $0.03411 against USDT, supported by strength in BTC and ETH pairs. The token is up 4.6% against Bitcoin and 6.3% against Ethereum. These cross-pair gains suggest broad market participation in DF’s recent rally.

The asset now sits just beneath the upper boundary of its breakout zone, with momentum favoring a continuation. However, the short-term structure still depends on how price behaves around the $0.03476 resistance.