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 =$204.9997 change ~ 4.77%
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