- The latest Decred price analysis shows bearish trend.
- Price has decreased up to $116.07 value.
- Support has been steady at $90.25 level.
As per Decred price analysis, the DCR price is going down once again after receiving a constant bearish push, as a result, the market is facing loss. The bullish curve has been flattened at $116.07 after the bears’ restricted further price movement. The past week had proved highly successful for the bulls, but now the situation has undergone a slight shift. The bears are trying to evade way for a downtrend and cause further decline in price.
Despite the fact that DCR/USD pair price break-up was downwards, and the price shows a decline, DCR is still on a gain of 1.15 percent over the last 24 hours and on an increase of seven percent if observed over the course of the last seven days. The trading volume is almost the same, with a deficit of only 0.07 percent. Most of the cryptocurrencies are undergoing correction today along with the trendsetter Bitcoin.
DCR/USD 1-day price chart: DCR remains incapable of conserving the uptrend
The 1-day Decred price analysis is showing signs of bearish activity as the price has covered downward movement. The past week had been favorable for the bulls, but now the circumstances are changing as the bears are striving for lead. The recent downturn has resulted in the price being lowered to the $116.07 level. The price is still secure above the moving average (MA) value which is positioned at $109.3.
The volatility has been on the decreasing side, as a result, the Bollinger bands average has shifted to $119.96. Whereas the upper Bollinger band is now touching the $149.66 value and the lower Bollinger band is touching $90.25. The Relative Strength Index (RSI) score has moved down to $43.2 as well.
Decred price analysis: Bears overpower bulls momentarily as price devalues to $116
The four hours Decred price analysis is going in the bearish direction once again as the market is trying to compensate for the loss. The bears have taken the advantage of the situation by lowering the price up to $116.22, in the last four hours. The bulls have been unable to cross the resistance present at $121.2 as the price is coming down. The support level is still quite strong at $105.45, while the moving average value is at $117 in the 4-hours price chart.
The volatility has decreased in the past couple of hours, Whereas the Bollinger band values are now at the following positions; the upper value is at $121.2 whereas the lower value is at $105.45. The RSI score is 59.51 which is still quite high because of the preceding uptrend.
As the price has been traveling low for the past few weeks, the technical indicators chart for ADA/USD is giving out bearish signals. There are 12 indicators present on the selling position, ten on the neutral position, and only four are on the buying position.
The moving averages indicator is confirming the constant downtrend as well. There are 12 indicators present on the selling mark, with only two on the buying mark and one indicator on the neutral mark. The Oscillators are giving a bullish signal as there are two oscillators on the buying side, nine on the neutral side, and zero indicators on the selling side.
Decred price analysis
The 1-day, as well as the 4-hours Decred price analysis, is confirming that the price has decreased during the last 24-hours. The bears have been trying to overcome the bullish momentum, as they have regained their strength. It is expected that the price might go lower than $116 if the selling activity continues to expand.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.