Decred Price Prediction Today: Daily (DCR) Value Forecast – June 14
- On the upside, if the price is above the EMAs, the crypto’s price will rise to retest the overhead resistance.
- On the downside, if the price falls below the EMAs, the crypto will further depreciate.
DCR/USD Medium-term Trend: Ranging
- Resistance Levels: $27.0, $30 ¸ $32.50
- Support levels: $25 0, $22.5, $20.0
Yesterday, June 13, the price of DCR was in a bullish trend. On May 15, the price of DCR reached a high of $32.50 but the bulls were resisted at the $32.50 overhead resistance level. The crypto commenced a downward correction to the support of the 12-day EMA. The bearish pressure continued as the bears broke the 12-day EMA and 26-day EMA. The bulls broke the EMAs but could not sustain the price above the EMAs. On the downside, if the price falls below the EMAs, the crypto will further depreciate.
On the upside, if the price is above the EMAs, the crypto’s price will rise to retest the overhead resistance. From the Fibonacci retracement tool, the bearish trend has broken the 0.236, 0.382 and 0.50 Fib. retracement levels. The first two zones are continuation zone for any trending market. Meanwhile, the price DCR is in the oversold region but above the 40% range. This indicates that price is in a bullish momentum and a buy signal.
DCR/USD Short-term Trend: Bearish
On the 1-hour chart, the DCR price was in a bearish trend. The $28.50 price level had been a resistance in the month of June The bulls tested it without breaking it on more than five occasions. Today, the bulls were resisted and the price fell to the previous low at $25 price level. Also, the price of DCR is in the overbought region but above the 60% range. This indicates that price is in a bullish momentum and a buy signal.
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