- Decred coin price is currently trading in a bullish mode and can soon go above $200. It has observed a gain of more than 2.43% in the past 24 hours
- Technical Indicators of the DCR suggests a strong bullish momentum for the future. Meanwhile, DCR/BTC pair has observed a loss of more than 1.79% in the intraday session
Why To Invest In DCR Coin?
Decred coin price is currently in an uptrend and can soon cross beyond the threshold of $200.DCR coin price has observed a gain of more than 2% in the intraday session and is trading near $176. It has an ROI of more than 18321.9% which has differentiated it from the other projects Decred platform was created in such a way that their community approves all the transactions and any new upcomings in the protocol.
The coin is inspired by BTC and its competitors. Jake Yakom Piett is the brain behind the Decred project and is also the CEO of the company 0. One can invest in DCR as per their risk capacity and price action
Decred coin price is currently down by more than 29% from it’s all time high. DCR is ranked 56th in the CMC and has a market dominance of more than 0.11%. The volume of the coin along with the market cap has observed a rise from the past few days. Volume to market cap ratio of the DCR suggests a consolidated momentum for DCR coin price.
DCR Coin Price Technical Indicators Suggest A Strong Uptrend In Price
On the weekly chart,Decred coin price highlights a weak bullish trend . The coin price is observing an uptrend on the daily chart. Resistance for the DCR price while going upwards can see a halt near $200. Meanwhile on the downside the support of the price can be found near $100. The asset price is currently trading above 50 and 100 Moving Average with a positive crossover in the past. The 100MA (RED) line is at $145, making it a temporary resistance for the asset price. If the DCR price jumps 20% above the current price then it can go above $250 .DCR/BTC pair can also a significant moment in the future
Conclusion
DCR coin price is in an uptrend and can soon cross beyond $200. DCR/BTC pair can also see a breakout above the previous resistance in future
Technical Levels
Major Support:$100
Major Resistance:$200