Decred (DCR) Emerges from 4-Year Falling Wedge—$113 Price Target Ahead
Decred's Bullish Breakout: Decred (DCR) has broken out of a 4-year falling wedge pattern, signaling a potential bullish reversal with a target price of approximately $113, representing a 549% upside from recent levels.
Market Sentiment Shift: A recent influx of $50M in capital and increased trading volume indicate a significant shift in long-term investor sentiment, with growing market confidence reflected in DCR's price surge to $20.33 after a 13% increase in 24 hours.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DCR
Technical Sentiment Analysis for Decred (DCR) As of , Decred (DCR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DCR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DCR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Decred (DCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 7.163 | 12.087 | 16.753 | 21.677 | 26.343 | 31.267 | 35.933 |
| Fibonacci | 12.087 | 15.75 | 18.013 | 21.677 | 25.34 | 27.603 | 31.267 |
About DCR
About the author
