DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 2


  • The short and medium-term outlook is in the downtrend.
  • Responsible selling at pullbacks with bearish reversal candlesticks may be considered.

DCR/USD Medium-term Trend: Bearish

Supply zone: $30.00, $35.00, $40.00
Demand zone: $15.00, $10.00, $5.00

DCRUSD is in a bearish trend in the medium-term outlook. The break of the bearish flag as the market opens today at $29.32, confirms the bearish continuation. DCRUSD fell to $26.13 in the demand area before the brief momentum loss to allow for another flag formation in the medium term.

Price is below the two EMAs while the signal of the stochastic oscillators points down at 13% in the oversold region was a further downward movement to $22.00 in the demand area which is the bears' target.

The coin may be up briefly as the bulls took control of the market. This should be seen as a correction before the bearish continuation which is the overall trend of the cryptocurrency.

DCR/USD Short-term Trend: Bearish

The bear s continues the downward momentum with the formation of lower lows and lower highs. Despite a bullish opening at $28.92, the bears took over the market at $29.67 in the supply area.

DCRUSD dropped to $26.42 in the demand area as momentum was briefly lost with hammer candle formed signaling a minor trend reversal as the bulls return.

The signal of the stochastic oscillator points down at 26% an indication of downward momentum in the short-term.

New lower lows and lower high may be formed as bearish momentum increases.

Live Decred (DCR) Price:

1 DCR/USD =$134.9669 change ~ -0.73%

Coin Market Cap

$1.7 Billion

24 Hour Volume

$11.55 Million

24 Hour VWAP

$137

24 Hour Change

$-0.99

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide