• On June 23, the price of DCR initially reached a high of $34.
• On June 26, a new high of $38 overhead resistance was reached.

DCR/USD Medium-term Trend: Ranging

• Resistance Levels: $34, $36 $38
• Support levels: $32, $30, $28

Yesterday, June 27, the price of DCR was retracing after being resisted from the $38 overhead resistance level. On June 23, the price of DCR initially reached a high of $34. However, the bulls were resisted and the  market was on a downward correction to the support of the 26-day EMA. The 26-day EMA was well supported as the bulls made an upward move and broke the previous resistance level of $34.

On June 26, a new high of $38 overhead resistance was reached. The bulls were resisted again and the market had a downward correction to the support of the $31 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which suggest that price is likely to fall. On the upside, if the bulls break the EMAs, the crypto’s price will rise to test the previous highs. 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: Ranging

On the 1-hour chart, the DCR price is in a bullish trend. The 12-day EMA  and 26-day EMA are trending horizontally. The crypto's price is fluctuating above the EMAs`. Also, 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.

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