Decred(DCR) price has tested the 20-Day EMA on more than three occasions in the past week, but it has not been able to go beyond the 20-Day EMA line. The coin price is again likely to test the 20-Day EMA today. Every time coin price fails to break the moving average line, it makes it a stronger resistance level.
However, now the coin has entered esistance zone and it is showing signs of losing momentum. So although DCR coin is in an uptrend, possibility of a bounce down from here can’t be ruled out. DCR has psychological resistance at 0.009 and above that at 0.0088, where a trendline from recent top can act as resistance. On the downside, 0.008 is the point of 50-Day EMA support line.
By the way, MACD line has crossed downwards through the average line which also indicates a bearish market for the coin.
However, now the coin has entered esistance zone and it is showing signs of losing momentum. So although DCR coin is in an uptrend, possibility of a bounce down from here can’t be ruled out. DCR has psychological resistance at 0.009 and above that at 0.0088, where a trendline from recent top can act as resistance. On the downside, 0.008 is the point of 50-Day EMA support line.
By the way, MACD line has crossed downwards through the average line which also indicates a bearish market for the coin.
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