DIA and Haven Protocol (XHV) Technical Analysis: What to Expect?

Decentralized Information Asset (DIA)

In the age of DeFi, a reliable and verifiable bridge connecting off-chain data to smart contracts is necessary. DIA is one of the players in the Oracle scene whose governance token is DIA.

Past Performance of DIA

The price maintains an uptrend, trending at a new all-time high.

On May 5, DIA is trading at $5.22, adding 10 percent versus the USD, outperforming both BTC and ETH. The token ranges between $4.18 and $5.65 as trading volumes surge, adding 157 percent on the last day.

Day-Ahead and What to Expect

DIA/USDT price analysis indicates strength and increasing momentum. However, the token hasn't broken above Apr 2021 highs despite the pickup of momentum from late Apr 2021.

The primary support trend line is the main support level, while the Apr 2021 high of $5.5 is the immediate liquidation level.

DIA/USDT Price Forecast

DIA bulls are in control after DIA/USDT bounced off after falling 40 percent from Mar 2021 highs. A close above $5.5 and Apr 2021 highs may see the price race to $8 in a buy trend continuation of the Q1 2021 trade range.

Losses below $3 and the 61.8 percent Fibonacci retracement level may trigger liquidation, pushing back DIA prices back to Q1 2021 lows of $1.1.

Haven Protocol (XHV)

The Monero-based platform is focused on privacy and acts as an offshore account for creating private tokens. Its main currency is XHV, with a limited total supply of just 18.4 million.

Past Performance of XHV

The XHV price is up 10 percent in 24 hours, trading at around $21. It has gained versus both the USD and BTC buoyed by rising trading volumes on the last day.

XHV's trading volumes stand at $3.1 million, adding 50 percent on the last day.

Days-Ahead and what to Expect

XHV technical analysis places bulls on top. Despite a retreat from 2021 highs, the uptrend is firm.

From the daily chart, the 20-day moving average is still a significant reaction level. Immediate resistance and support stand at $30 and around $15.

XHV/USDT Price Analysis

Candlestick arrangements favor buyers. In the immediate term, the confirmation of the three-bar bullish reversal pattern where XHV/USDT prices rise above $23 and the middle BB may trigger demand, lifting XHV to $30.

On the flip side, a reversal and bear confirmation forcing XHV/USDT below $15 and April 2021 lows may trigger a sell-off towards $11—the 61.8 Fibonacci retracement level of the Q1 2021 trade range.