Decred Price Analysis - Bear trend nearing exhaustion
#crypto #bitcoin
On-chain metrics, aside from transactions per day, have risen substantially since last August, which may be due to a combination of DEX, privacy, and staking initiatives. Upside resistance for the DCR/USD pair sits at US$16 and US$25-US$30. DCR/BTC made a new multi-year low on less bearish momentum than the previous low, suggesting bearish exhaustion.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, Khareem Sudlow
On-chain metrics, aside from transactions per day, have risen substantially since last August, which may be due to a combination of DEX, privacy, and staking initiatives. Upside resistance for the DCR/USD pair sits at US$16 and US$25-US$30. DCR/BTC made a new multi-year low on less bearish momentum than the previous low, suggesting bearish exhaustion.
OhNoCrypto
via https://www.ohnocrypto.com
Josh Olszewicz, Khareem Sudlow
