1607, 2020
Decred Price Analysis – Bear trend nearing exhaustion
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.
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