DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 1
- DCR/USD market has been trading in a range of around $36 and $28 points.
- DCR/USD market is finding support around its Bollinger Lower Band trend-line which may be forthcoming around $28 and $26 price levels.
DCR/USD Medium-term Trend: Ranging
- Resistance levels: $40, $44, $48
- Support levels: $20, $16, $12
The medium-term market’s trend of the DCR/USD has dominated by a series of lower highs and lower lows. On June 30, the cryptocurrency moved upwards in a range to touch an upper range line at $36 mark.
All the trend-lines of the trading indicators are found around $36 and $28 market levels. The Bollinger Middle Band and the 50-day SMA are conjoined at $32 point which represents the median zone of the range. The stochastic Oscillators have joined hairs to consolidate around range 20.
The bears’ force appears setting to get weakened between price levels of $28 and $24 points in near time. In the light of that, the bulls may as well not be able to push past the upper range line.
DCR/USD Short-term Trend: Bearish
Relatively, the DCR/USD short-term market’s trend has been depreciating in a range. The falling has been along with the Bollinger Lower Band trend-line. The 50-day SMA indicator is located over the Bollinger Bands to signify the extent of the falling force in the market.
Yesterday, the market was in a visible bearish trend. The Stochastic Oscillators have crossed within the oversold zone. And, they now slightly point north across range 20.
Indication now depicts that the DCR/USD market is finding support around its Bollinger Lower Band trend-line which may be forthcoming around $28 and $26 price levels. Therefore, traders need to be on the lookout to back their entry with price action favoring an upward trend to join the move.
Live Decred (DCR) Price:
1 DCR/USD =$212.0697 change ~ -3.44%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.