DATA Token Hits $0.08 as Transfer Volume Spikes to 300M

Analysts expect a breakout above $0.07000, which could trigger a 200% price rally to $0.14 or beyond.

Streamr DATAcoin (DATA) price is nearing a breakout that could lead to a 200% rally. Currently, the price trades at $0.06306 after rising 10.71% on Binance. The chart shows DATA nearing a key level at $0.07000, where both a horizontal resistance and descending trendline converge.

The $0.07000 resistance level has been a major barrier for DATA since 2021. This level has repeatedly limited upward price movement, making it a key zone to watch. Recently, the price action has strengthened, showing a pattern of higher lows.

Technical Patterns Suggest Strong Momentum

The descending trendline has kept DATA in a downtrend for nearly three years. However, the recent price recovery has shown a shift in momentum. Analysts highlight a falling wedge pattern forming on the chart, which often signals a trend reversal. This pattern suggests that the coin is preparing for a breakout if it clears the $0.07000 resistance.

Volume has also increased alongside the price movement, which often confirms bullish momentum. Traders now focus on whether DATA can sustain this upward move. The breakout could push the price toward $0.14 in the short term as buying activity increases.

Community Excitement Builds Around DATA’s Breakout

Traders and investors have expressed strong interest in DATA's recent performance. On social media, many believe the price could move higher once it clears resistance. Some traders project the price could hit $0.22 if momentum continues. Others mention a long-term possibility of reaching $1.00, though that would require sustained demand.

The excitement around DATA comes as it attempts to end a three-year price suppression. Market analysts believe that a confirmed breakout could change its trend completely. With volume rising and community interest growing, traders are waiting for DATA to break past its multiyear resistance.