DECRED Price Prediction Today: Daily (DCR) Value Forecast – July 25

  • The short and medium-term outlook is in a downtrend.
  • $26.00 remained a target for the bears.

Supply zone: $30.00, $32.00, $34.00
Demand zone: $15.00, $14.0, $13.00

DCRUSD continues in a bearish trend in the medium-term outlook. The bears lost momentum at $26.32 in the demand area on 24th July few pips short of $26.00 target predicted. The bulls gradually stage a returned that pushed the coin up at $28.26 in the supply area as today session opened on a bullish note.

The lack of momentum for upward continuation led to a drop in price with the bears taking control of the market.

DCRUSD fell initially to $27.05 and later to $26.64 in the demand area. The downward movement may continue to $26.00 in the demand area as confirmed by the signal stochastic oscillator pointing down at 32% suggesting downward continuation in the medium-term.

DCR/USD Short-term Trend: Bearish

The trendline was resistance against upward price movement as price rose to $28.19 in the supply area shortly after opening. A bounce to the downside expectedly occurred with a drop to $26.64 in the demand area.

A correction is ongoing with a rally to the trendline as indicated by the signal of the stochastic oscillator pointing up at 32% before the bears returned for continuation in the short-term.

$26.00 in the demand area is the bears’ target in the demand area in the short-term.

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

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

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