Decred Price Prediction Today: Daily (DCR) Value Forecast – July 5

• The  DCR coin was facing resistance  at the $36 and $38 price levels.
• On June 26, a new high of $38 overhead resistance was reached.

DCR/USD Medium-term Trend: Ranging

• Resistance Levels: $34, $36, $38
• Support levels: $32, $30, $28

Yesterday, July 4, the price of DCR was retracing after being resisted from the $32  resistance level. The  DCR coin was facing resistance  at the $36 and $38 price levels. On June 23, the price of DCR initially reached a high of $34. However, the bulls were resisted and the crypto’s market was on a downward correction to the support of the 26-day EMA.

The 26-day EMA was well supported as the bulls made an upward move and broke the previous resistance level of $34. On June 26, a new high of $38 overhead resistance was reached. The bulls were resisted again and the market had a downward correction to the support of the $31 price level.

The crypto’s price is now below the 12-day EMA and the 26-day EMA which suggest that price is likely to fall. On the upside, if the bulls break the EMAs, the crypto’s price will rise to test the previous highs of $36 and $38. Meanwhile, the price DCR is in the oversold region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.

DCR/USD Short-term Trend: Bullish

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.  On July 4, the bulls tested the $32 price level and were resisted. The bears broke below the EMAs to reach the low of $29.50 price level. Meanwhile, the price DCR is in the overbought region but below the 80% range. This indicates that price is in a bearish momentum and a sell signal.

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