DECRED Price Prediction Today: Daily (DCR) Value Forecast – June 25
- The short and medium-term outlook is in a bearish trend.
- Responsible selling may be considered.
DCR/USD Medium-term Trend: Bearish
Supply zone: $40.00, $45.00, $50.00
Demand zone: $15.00, $10.00, $5.00
DCRUSD is in a bearish trend in the medium-term outlook. The bullish target at $30.00 in the supply area was attained on 23rd June. Price rose further to $34.62 as the market opens yesterday.
This was a retest of the high attained on 16th May by the coin before the wicks formation in the candle at the area. This suggests exhaustion as the bears made their way back into the market. DCRUSD fell to $31.36 before the end of yesterday session.
The bears sustained the momentum as the market opens today at $30.00 with a large bearish candle. Price fell further to $30.00 which is the 50.0 fib a trend reversal area.
A drop further to the 78.6 fibs may occur after a break of then61.8 fib area as the downward momentum was confirmed by the signal of the stochastic oscillator pointing down at 29%.
$28.60 in-demand area is on the card as the bears' pressure becomes stronger in the medium-term.
DCR/USD Short-term Trend: Bearish
The bulls lost the momentum at $34.59 in the supply area as the market opened yesterday and failed to push price further high. The market was dominated by the bears as price nose dive to $31.42 in the demand area before the end of the session.
The bears continue the journey south as the market opens today with the break of the support at EMAs crossover. DCRUSD dropped to $30.51 in the demand are before the correction by the bulls with price up at $31.53 around the 50-EMA.
The bears' continuation was confirmed after the bullish exhaustion around the 50-EMA. With the stochastic oscillator signal down at 32%, this confirms the downward price movement in the short-term.
$29.00 in the demand area is the bears’ initial target as the pressure mounts and more candles opened and closed below the two EMAs.
Live Decred (DCR) Price:
1 DCR/USD =$180.5477 change ~ 10.71%
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