Decred Price Prediction Today: Daily (DCR) Value Forecast – July 19
- On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $36 overhead resistance level.
- The DCR market was on a downward correction to a low at $26 price level.
DCR/USD Medium-term Trend: Ranging
- Resistance Levels: $34, $35 ¸ $36
- Support levels: $30, $29, $28
Yesterday, July 18, the price of DCR was in a bullish move below the 12-day EMA and the 26-day EMA. The bulls were trying to break above the EMAs. On July 11, the bulls were resisted at the $36 overhead resistance level.
The bears had earlier broken the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The downward correction has reached the previous low of $26 price level .The support level is likely to hold as the bulls make an upward move to break above the EMAs.
On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $36 overhead resistance level. On the downside, if the bears break below the $26 price level, the crypto’sprice will fall to the low of $24 price level. Meanwhile, the price DCR is in the oversold region but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.
DCR/USD Short-term Trend: Ranging
On the 1-hour chart, the DCR price is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is characterized by small body candlesticks like the Doji and the Spinning tops which describe the indecision between the buyers and sellers at the current market price. Also, the price DCR is in the overbought region but above the 80% range. This indicates that price is in a bullish momentum and a buy signal.
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