The bearish breakout of the descending triangle pattern hints at a downfall at the DCR token price to the $65 mark shortly.

Decred is a revolutionary project due to its reliance on the decentralization nature of blockchain technology to ensure that there is no monopoly on the status of voting in the actual project. One of the major objectives for Decred is to ensure that every DCR holder is given the same power to make decisions and those big institutions can't influence the results in their favor.

Read more to know more about the technical analysis of the Voyager token.
<h2>Past Performance of DCR</h2>
The increasing selling pressure in the DCR coin price results in a <a href="https://www.cryptoknowmics.com/news/dcr-technical-analysis-bullish-reversal-aims-at-150/">fallout</a> of the descending triangle pattern in the daily chart. Furthermore, the price of 15 percent in the past 72 hours, indicates a rise in bearish powers.  

Within the price pattern, the continuous formation of the lower highs indicated the rise in bearish sentiments. Furthermore, the downfall occurs while the entire crypto market gives a correction. Hence, traders can find selling opportunities at the current market price.

<img src="https://s3.tradingview.com/snapshots/n/NBDu8Vsu.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/NBDu8Vsu/">DCR/USD Daily Chart</a>
<h2>DCR Technical Analysis</h2>
The driving force behind the development of Decred is that it is an organization known as Company0. Its purpose is to harness blockchain technology to improve the protection of personal information and allow organizations to be more flexible in their projects.

After the fallout of the $95 support zone, bearish traders can book their profits at the $65 support level. And, in case the price falls below the $65 mark, the following support is at the $40 mark. 

The RSI indicator reflects the rising selling pressure in the DCR token. The slope of the indicator closes in on the oversold zone as it breaks below the 40 percent mark.

The MACD and the slow line on the daily chart sustain into the negative zone after the bearish crossover. Moreover, the lines give a bearish divergence. Hence, the indicator is suggesting a selling opportunity.
<h2>Upcoming Trend</h2>
The downtrend in the DCR token gives a bearish fallout of the descending triangle in the daily chart. Furthermore, the technical indicators maintain a sell signal for the token.

Hence, the token can soon reach the $65 mark as the bearish trend momentum increases gradually.

DCR Technical Analysis: Pattern Fallout Hints A Price Fall To $65 

The bearish breakout of the descending triangle pattern hints at a downfall in the DCR token price to the $65 mark shortly.

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: Pattern Fallout Hints A Price Fall To $65

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