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DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons: 1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago. 2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
by Tropnik
DC. Ascending Triangle.The time interval for the triangle formation is approx 29 days. An upward exit implies a 100% growth. If price now finds support from the long-term moving average, then the average will act as resistance in upcoming bull run of the asset. The price growth, as well as the volume growth, coincides with abnormally increased activity in Dogecoin chain. Remember that it is the Dogecoin community that is inspiration behind the creation of the smart contract blockchain for Dogecoin chain and community.
by Tropnik
Dakota Gold (NYSE: DC) Set for a Potential BreakoutDakota Gold Corp. (NYSE: DC) is making waves in the gold exploration sector, and recent developments suggest that the stock could be on the brink of a significant breakout. The company’s exploration efforts, particularly at the Maitland Gold Project, have yielded impressive results, positioning Dakota Gold as a promising player in the industry. In this article, we'll dive into the technical and fundamental aspects of DC, highlighting why this stock deserves your attention. Technical Overview: A Bullish Setup You Can’t Ignore Dakota Gold Corp. (DC) is currently exhibiting strong technical indicators that point to a bullish trend. The stock has solidified its support at $2.24, creating a robust base for potential upward movement. This support level has been tested multiple times, and the stock has consistently bounced back, demonstrating resilience and investor confidence. The next resistance level is pegged at $2.73. A break above this level could trigger a substantial rally, potentially propelling the stock to new highs. Currently trading above its 50-day Moving Average (MA), DC is showing signs of a bullish trend reversal. Historically, stocks that maintain this pattern tend to outperform in the subsequent months, and DC could be no exception. The Relative Strength Index (RSI) for DC is at 57.55, indicating that the stock is in a comfortable range. It’s avoiding overbought territory while maintaining upward momentum, suggesting that the stock is neither overstretched nor oversold. This balance offers a promising entry point for investors looking to capitalize on the stock’s growth potential. Further supporting the bullish outlook is the Moving Average Convergence Divergence (MACD) indicator, which currently stands at 0.0465. The MACD line crossing above the signal line is a classic indicator of bullish momentum, suggesting that DC’s price could continue to rise in the near term. A Strong Case for Long-Term Growth On the fundamental side, Dakota Gold Corp. has been making significant strides in its exploration efforts. Last week, the company announced a major breakthrough at the Unionville Zone of the Maitland Gold Project, where it intercepted 2.85 grams/tonne (g/t) of gold over 13.7 meters of Tertiary epithermal mineralization. This discovery is part of an ongoing drill program that has already confirmed the extension of the Unionville Zone strike to at least 2,000 meters, with the potential to extend further based on rock chip samples. These results are particularly exciting because they indicate the presence of both Tertiary epithermal gold mineralization and the potential for deeper, higher-grade mineralization. As Dakota Gold continues to explore this area, the probability of encountering additional high-grade gold deposits increases, adding significant optionality and value to the company's portfolio. James Berry, Vice President of Exploration at Dakota Gold, has emphasized the importance of these findings, stating, “These results continue to confirm our belief that the Tertiary epithermal system at Maitland is comprised of multiple structures across a broad area extending over several kilometers. As we continue to explore this area for deeper Homestake Mine-Style gold mineralization targets, we expect to encounter additional higher-grade Tertiary epithermal mineralization at the same time.” Dakota Gold currently has four drills on site at its properties in the Homestake District of South Dakota. The Unionville Zone drilling is part of a broader exploration strategy that also includes testing for Homestake Mine-Style gold mineralization at the JB Gold Zone and infill and step-out drilling at the Richmond Hill Gold Project. Market Dynamics and Growth Prospects The broader gold market is also playing a crucial role in DC’s potential. With gold prices showing bullish momentum, driven by a weaker U.S. dollar and declining U.S. yields, the metal's role as a safe-haven asset is being reinforced. This macroeconomic backdrop creates a favorable environment for gold exploration companies like Dakota Gold. As the company continues to expand its exploration activities in the Black Hills region, it’s well-positioned to capitalize on rising gold prices. With several high-potential targets identified for drilling, Dakota Gold is on track to increase its resource base, which could lead to substantial long-term growth. Furthermore, Dakota Gold’s commitment to expanding its gold resources through aggressive drilling programs is a testament to its strategic vision. The ongoing projects in the Homestake District, including the Maitland and Richmond Hill properties, are expected to add significant value to the company’s portfolio. Conclusion Dakota Gold Corp. (NYSE: AMEX:DC )'s current technical setup suggests a bullish trend, with strong support levels and indicators pointing to potential upward movement. On the fundamental side, the company’s successful exploration efforts, particularly at the Maitland Gold Project, highlight its growth potential and strategic importance in the gold exploration sector. As gold prices continue to rise and Dakota Gold advances its exploration programs, DC is a stock to watch. Investors looking for exposure to the gold market with strong upside potential should consider adding Dakota Gold Corp. ( AMEX:DC ) to their portfolios.
AMEX:DCLong
by DEXWireNews