Decred (DCR) stock price surged significantly, breaking through the consolidation range. Its movement appears to be driven more by supply contraction rather than a surge in trading volume. Currently, the stock price is testing a local high near $30, with technical indicators such as the OBV rising and a bullish crossover in the MACD supporting the upward trend. If it can sustain above $28, it may attempt to break resistance levels at $35 and $40, ultimately aiming for $50. However, if the upward momentum cannot be maintained, it could fall back into the previous consolidation range, causing this rally to be short-lived.