DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 16
- The short and medium-term outlook is in a downtrend.
- Traders may consider selling position.
DCR/USD Medium-term Trend: Bearish
Supply zone: $30.00, $32.00, $34.00
Demand zone: $15.00, $14.0, $13.00
DCRUSD continues in a bearish trend in the medium-term outlook. The bears held on to the market after the breakdown at the target predicted at $28.60 on 14th July. The coin dropped further down to $27.52 in the demand area before the close of the market.
The bearish momentum was lost at $26.56 with the formation of the bullish hammer an indication of the bulls’ takeover. The coin was up at $30.51 in the supply area before the end of yesterday session.
The tweezer top as the market opens today’s at $29.66 signaled the bears' returns. Increased bearish momentum dropped the cryptocurrency don to $6.17 in the demand area.
The stochastic oscillator signal points down at 37% and price is below the two EMAs.
$26.00 in the demand area is on the card as the bears' pressure becomes stronger in the medium-term.
DCR/USD Short-term Trend: Bearish
The bulls lost the momentum at $30.08 in the supply area as the market opened today with an inverted hammer. Price plummeted to $28.37, breaking the 10-EMA. Increased bearish momentum led toa further drop to $26.17 in the demand area.
The bullish flag is been created and a breakdown of the trendline will open the door for bears resumption.
$25.00 in the demand area is the bears' target in the short-term.
Live Decred (DCR) Price:
1 DCR/USD =$159.9670 change ~ 9.39%
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