DECRED Price Prediction Today: Daily (DCR) Value Forecast – June 4

  • The short and medium-term outlook is in a downtrend.
  • Selling at key areas may be considered.

DCR/USD Medium-term Trend: Bearish

Supply zone: $30.00, $35.00, $40.00
Demand zone: $15.00, $10.00, $5.00

DCRUSD is in a bearish trend in the medium-term outlook. The break of the two EMAs by the bearish candle shortly after yesterday opening at $28.53 was a confirmation of the bears' takeover of the market.

The cryptocurrency dropped to $27.16 in the demand area before bearish flag formation that led to a further drop to $26.30 before the end of the session.

The bears continued to push price further downward as today session opened on a bearish note at $26.72. Increased pressure led to a further drop to $25.29 created the second flag and the bears returned for another drop to $24.69 in the demand area.

The third bearish flag is currently unfolding which may also return the bears for another drop to the south with $23.00 as the initial target in the medium-term.

DCR/USD Short-term Trend: Bearish

The journey down south by the bears began as the market opens yesterday 3rd June with a bearish candle at $29.15. The cryptocurrency fell to $27.13 as the low of the day before the end of the session.

Todays saw session was dominated by the bears with a large bearish candle at $27.88. DCRUSD was down initially at $25.29 and created a flag. Increased bearish pressure led to the break from the flag and price dropped $24.69 in the demand area.

Currently, a flag is been created which was necessary for the market correction and to confirm the downtrend continuation.

Please add a valid coin_id. You can get it from coin page's url (slug or short name).


The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide