Decred Price Prediction: DCR Trades Lower as Outlook Worsens

Decred Price Prediction: DCR Trades Lower as Outlook Worsens
0 0 votes
Article Rating

April 27th, Decred Price Prediction 2022: For the Next 24 Hours the Momentum of DCR Coin is likely Bearish.

The current outlook is Negative (Positive: 0% Negative: 100%)

The current Price of Decred (DCR) Coin is:

Decred Price Prediction: Performance Chart

The Decred chart has been mostly red in 2022. In the first week of January 2022, DCR was trading at over $70 but the price of DCR retreated and went below $50 in mid-March. The mass sell-off resulted in the price decline of DCR.

Decred YTD Chart

image 389

Decred in the last 24 hours breached $62 but quickly retreated. On the 24 hours chart, Decred has been mostly bearish. There has been a recovery attempt in the last few hours, the price of Decred has once again breached $60.

image 462
5 Days
1M
YTD
Decred Performance 2022
-6.7%
-2.3%
-7.6%

DCR is one of the best-performing cryptos in the last 5 days.

Decred Price Prediction 2022: Technical Recommendation

Latest Decred (DCR) Analysis Video

Google Search Trends for Decred Coin

The Google Trend search for Decred Coins is lower than yesterday’s level at the same time.

[Move the cursor over the chart to see the latest values and compare them with the same times yesterday]

Decred Price Prediction: Social Media Data

LunarCrush Statistics
Volume
Trend
510
Lower
379K
Lower

Decred Price Prediction: Cronos Social Media Sentiment

7 Days
24 Hours
Trend
Social Media Net Sentiment (Decred)
1.1%
-7.5%
Lower

Decred Coin Price Prediction: Today’s Outlook

Indicator
Trend
Price
Lower
Technical
Sell
Market Cap Rank
Lower
Goggle Search (24 Hours)
Lower
Trading Volumes
Lower
Social Media Sentiment
Lower
Social Media Buzz
Lower

Read about Shiba Inu Price Prediction

Decred Price Prediction: Market Cap and Volume Data

Value
Trend
Market Cap Rank
89th
Lower
Current Market Cap
$ 839 M
Lower
Volume Traded in Terms of $ Value
$ 5.96 M
Lower

Decred Price Prediction 2022: Latest Tweets

Originally tweeted by JAVON⚡️MARKS (@javonnnm) on April 22, 2022.

🔥#DCR‘s 1d chart returning with STRENGTH and is positioned to show MUCH MORE! $DCR is positioned to climb over 150% to reach the target at $182.0 and has shown recently it can move QUICKLY! #Decred may be ready to go…

FQ49QJyXMAESKIu

Originally tweeted by Jim T 🦬 (@JimktJim) on April 21, 2022.

#Decred price spikes mid month each of the last 5 months. 4 major spikes & 1 minor spike (right before the War). Credit to @DCR_Uncle for putting a spotlight on this. Credit to @Applesaucesome1 for the chart. A $DCR thread…

FQ1oLcpXsAUV1Yu

Multiple theories abound & obviously no one knows for sure. I believe these spikes are a big entity building a big position in Decred. My reasons for are as follows…

1) $DCR has strong legitimate fundamentals as an investment. I was drawn to it as a level headed experienced investors

2) The staking rewards are increasing dramatically

3) Ease & amount of profits scales up with size. Bigger entity can use its clout & voting power to steer the $DCR treasury to work with the entities own assets. Marketing, programming, consulting & legal assets.

Entity gets paid to build up its own investment

4) Low current entry price provides huge upsides with very limited downside risk. Crypto prices can never go negative because there is no disposal or holding costs

5) #Drecred is hard to get in bulk so these spikes are an efficient way accumulate semi fast

6) and lastly, it has already been proven that some big investors are aware of $DCR

In my mind, it’s reasonable to say the simplest explanation is a large entity motivated by future profits.

How to Buy DCR Coins?

Step 1: For Investing in Decred first you need to find an exchange offering Decred Coin for Trade

Step 2: Creating an account with the Exchange

Step 3: Verify your Identity

Step 4: Fund the Wallet

Step 5: Make Purchase

Where to Buy Decred Coins?

The exchanges offering Decred coins for trade are:

  1. Crypto.com
  2. Coinbase
  3. FTX Exchange
  4. Binance
Decred Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in Stocks or Coins. Please consult a registered investment advisor to guide you on your financial decisions. 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x