Decred Price Analysis – 17th December 2021
Decred Price Analysis - 17th December 2021
Decred Price Analysis – Daily cloud metrics bullish
Decred’s Hidden Hydra update launched in January and the DCR price trend will likely stay bullish as long as the spot price remains above the Cloud at US$50.
Decred Price Analysis – A record number of active addresses despite bearish trend metrics
On-chain metrics have risen substantially since August, which may be due to a combination of DEX, privacy, and staking initiatives. Technicals for both the DCR/USD and DCR/BTC pairs show a bearish trend.
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.