<strong><em>DCR price action shows growth of bullish influence over the consolidation range but struggles to form a decisive bullish candle.</em></strong>

Key technical points:
<ul>
 	<li>The DCR price has increased by 9.46% in the last 24 hours.</li>
 	<li>The price action shows a sideways trend above the $30 mark.</li>
 	<li>The 24-hour trading volume of Decred is $14.90 Million, indicating a hike of 720%.</li>
</ul>
<h2>Past Performance of DCR</h2>
DCR prices show a sharp fall from the 100-day EMA in April resulting in a dip to the $30 mark, as forecasted in our <a href="https://www.cryptoknowmics.com/news/dcr-technical-analysis-will-buyers-withhold-35">previous analysis</a>.  The falling trend develops into a sideways trend thanks to the V-shaped reversal that created a ceiling of resistance at $40. However, the bullish influence over the consolidation increases evident by the boom in trading volume.

<img src="https://s3.tradingview.com/snapshots/i/ik78vFKz.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/ik78vFKz/" target="_blank" rel="noopener">Tradingview</a>
<h2>DCR Technical Analysis</h2>
DCR price action shows a long streak of Doji formations before the bullish surge but fails to form a bullish engulfing candlestick. Hence, the indecisiveness is evident in the price action and warns of a fallout death spiral continuation. The most important daily EMAs (50 100, 100, and 200-days) continue to fall in an upward direction, along with the 50-day EMA that provides dynamic resistance. Thus, the EMAs exhibit an extended correction phase.

Its MACD along with the line of signal display an upward trend, with an increase in the buying pressure as evidenced by the rising trend of bullish histograms. In addition, the RSI indicator shows an increasing trend in the current uptrend and is advancing towards the overhead resistance around the halfway point. In a nutshell, the DCR technical analysis projects a high possibility of a sideways trend continuation.
<h2>Upcoming Trend</h2>
If the buying pressure grows and forms a decisive bullish candle, we can see the DCR market value skyrocketing over to $50, surpassing the 50-day EMA to reach the 100-day EMA. However, any further downfall below the $30 mark, the death spiral will depreciate market value to $25.

<strong>Resistance Levels:</strong> $40 and $50

<strong>Support Levels:</strong> $30 and $25

&nbsp;

DCR Technical Analysis: Buyers Struggle To Gain Trend Control

DCR Technical Analysis shows a growth of bullish influence over the consolidation range but struggles to form a decisive bullish candle.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DCR Technical Analysis: Buyers Struggle To Gain Trend Control

Top Picks