Decred Price Prediction Today: Daily (DCR) Value Forecast – June 3
- DCR/USD market is under a relatively selling pressure.
- The bears may soon be getting weaker in their driving capacity in the market.
DCRUSD Medium-term Trend: Bearish
- Resistance levels: $31, $32, $33
- Support levels: $26, $25, $24
DCR/USD market has relatively been experiencing a loss in the medium-term run of the crypto-trade operations. About a few days back, precisely on May 30, the crypto encountered a résistance during its up surging movement to the northbound.
Thereafter, the crypto was overpowered by the USD to average a market horizontal line at $27 mark. Price has been trading around the 50-day SMA and the Bollinger Middle Band as the indicators are now closely located. The Stochastic Oscillators have touched range 20. They now seem to close their hairs.
The bulls may soon regain their momentum around the $27 price point. However, the market may witness a series of different choppy price movements in lieu of further downwards around the aforementioned price line.
DCRUSD Short-term Trend: Bearish
The market valuation of DCR has been slightly falling as paired with the US dollar price in today’s trading sessions. The market’s fall has been extended to touch the Bollinger Lower Band towards. The Bollinger Middle Band and the 50-day SMA are located over the market price as at the writing. The Stochastic Oscillators are moving near range 20.
The market may soon be recovering from its low point at around $27.50. On the contrary, the bears could probably press downwards to find support around $26.50.
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