DCR prevents blockchain technology and prevents monopoly in the decentralized structure. Decered Protocol makes sure that DCR token holders have equal voting rights and have the same decision-making power. Let us <a href="https://www.cryptoknowmics.com/news/dcr-technical-analysis-may-further-fall-below-the-first-support-level-of-13586/">look at the technical analysis</a> for DCR.
<h2><strong>Past Performance </strong></h2>
On July 07, 2021, DCR opened at $139.60. On July 13, 2021, DCR closed at $123.49. Thus, in the past week, the price has decreased by approximately 11%. In the last 24 hours, DCR has traded between $119.15 - $128.65.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/k/kchv0ql4.png" alt="https://s3.tradingview.com/snapshots/k/kchv0ql4.png" width="1023" height="614" />

<a href="https://www.tradingview.com/x/kchv0ql4/">https://www.tradingview.com/x/kchv0ql4/</a>
<h2><strong>Day Ahead And Tomorrow </strong></h2>
Currently, DCR is trading at $119.53. The price is approximately 6.50% down from the day's opening price of $123.49. Thus, it seems like bears have taken control of the market. Moreover, the $116 level has acted as strong support since the 19th May crypto crash. Any breakdown from this level will confirm the bear trend.

On the daily chart, the<strong> MACD and signal lines</strong> could not cross the zero range. Now, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum looks bearish. Hence, the DCR price may decline further for the rest of the day.

Currently, the <strong>RSI indicator</strong> is at 42%. It faced rejection at 50.84% and has fallen straight to this level. Thus, it indicates that the selling pressure is high in the market. Moreover, the RSI is forming a bearish divergence. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal.
<h2><strong>DCR Technical Analysis</strong></h2>
The price is trading below the <strong>second Fibonacci pivot point</strong> of $118.58. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $110, $99.66, and $85.86, respectively.

However, if the buyers take over the market, then the <strong>first resistance level price</strong> has to break is $126.30. Once this pivot level of $126.30 is broken, the price will highlight the next FIB resistance level of $135.85.

DCR Technical Analysis: Bearish Trend Reversal, Watch Out for Support Level of $85

DCR is trading below the second Fibonacci pivot point of $118.58. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $110, $99.66, and $85.86 respectively.However, if the buyers take over the market then the first resistance level price has to break is $126.30. Once this pivot level of $126.30 is broken, the price will highlight the next FIB resistance level of $135.85.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

DCR Technical Analysis: Bearish Trend Reversal, Watch Out for Support Level of $85

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