• DCR/USD pair appears to still struggle even in a range moving manner to push northwards.
• Price will be pushed southwards to test the $30 low market spot if the DCR/USD market bulls eventually relax.

DCR/USD Medium-term Trend: Ranging

• Resistance levels: $36, $40, $44
• Support levels: $24, $20, $16

In the last over four days of trading, the DCR/USD market has been trading around price ranges of $32 and $28 levels. The $32 upper range line has seen most of the price ranging movements.

The trend-line of the Bollinger Lower Band has slightly moved into the range spots from below to demarcate the market from the $28 lower range point. All the indicators point to the east direction in the range spots. The Stochastic Oscillators now seemingly making an attempt to close the hairs at range 60.

The crypto-pair appears to still struggle even in a range moving manner to push northwards. However, the market moves may remain in this form of slow responsiveness until the next trading sessions.

DCR/USD Short-term Trend: Ranging

There have been rises and falls in the short-term market trend of DCR/USD today. Yesterday’s sessions, the pair witnessed a relative increase from $30 to a high mark at $32. As at the time of writing, the market has been hovering around $32 and $31 price levels.

The 50-day SMA and the Bollinger Lower Band are located at $31 point. The Stochastic Oscillators have slightly closed the hairs at range 60. That signifies a consolidation movement of the market is on-going.

The $31 lower range mark seems to be the bulls’ pivotal price line in the subsequent operations. If the bulls fail to gain the market’s advantage from that point, price will be pushed southwards to test the $30 low market spot.

Decred:

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