DECRED Price Prediction Today: Daily (DCR) Value Forecast – June 13
- The short and medium-term outlook is in the uptrend.
- Responsible buying recommended after bullish reversal pattern candles.
DCR/USD Medium-term Trend: Bullish
Supply zone: $40.00, $45.00, $50.00
Demand zone: $15.00, $14.0, $13.00
DCRUSD continues in a bullish trend in the medium-term outlook. The rise to $26.95 in the supply area during yesterday session could not be sustained due to the exhaustion and the resistance at the upper line of the channel.
DCRUSD initially fell to $27.89 and later to $26.95 in the demand area which is the lower line of the channel.
A bounce to the upside is expected as the coin respect the upper and lower line of the ascending channel. There is an indication of bearish exhaustion ongoing due to wick formation and resistance at the 50-EMA.
$30.00 in the upper line of the channel may be retested as the bulls stage a return at the end of the bears' exhaustion and the close of the candle.
DCR/USD Short-term Trend: Bullish
The bulls initially took control as the market opens today but briefly lost momentum at $28.29 in the supply area. The bears forced price down to $27.49 in the demand area due to exhaustion as the candle closed with a long-wick, an indication of a trend reversal.
This area was at the trendline line a bounce to the upside most expected. The resistance at the two EMAs was broken as price rose to $28.28 as the bulls took control.
The stochastic oscillator signal points up at 40%, confirmation to upward price movement in the short-term.
$28.80 in the supply area is the bulls’ initial target as the pressure mounts.
Live Decred (DCR) Price:
1 DCR/USD =$152.4172 change ~ 3.97%
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