DECRED Price Prediction Today: Daily (DCR) Value Forecast – June 27
- The short and medium-term outlook is in the downtrend.
- Traders may look to sell at key areas with bearish candlesticks pattern.
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 first retest of the high of 14th November before the massive drop occurred during yesterday session. Wicks in the candle denote exhaustion as bears took control of the market. The coin dropped to $37. As the low of the day.
Today high was at $38.22 in the supply area as the market opens when the bulls had brief market control.
Price was further down to $28.34 in the demand area. The signal of the stochastic oscillator points down at 31% and price is below the two EMA. a bearish continuation confirmation in the medium-term.
$28.00 is the initial drop while $24.00 in the demand area is the bears' targets as its journey down south.
DCR/USD Short-term Trend: Bearish
The break of the two EMAs by the large bearish candle confirms the bears' control of the market as price fell to $30.99 in the demand area. Increased bearish momentum further drops the coin to $34.59.
Price is below the two EMAs and the signal of the stochastic oscillator points up at 21% an indication of minor bullish pressure before bearish continuation.
$26.00 in the demand area is on the card with more sellers take positions in the journey down south.
Live Decred (DCR) Price:
1 DCR/USD =$205.0188 change ~ 5.45%
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