Decred(dcr)market reviews and price predictions
Decred market statement for 2023-06-01
Yesterday the price of dcr stood at $15.74. The market capitalization of the asset was $236 923 932. Decred’s volatility was established at 0.25%. The trading volume of the coin reached $1 273 047.
Decred prognosis for the next days:
We estimate the price of Decred to be $16.16 tomorrow 2023-06-03 and $16.54 on 2023-06-09;
We estimate the market capitalization of Decred to reach $248 540 695 tomorrow 2023-06-03 and $246 780 663 on 2023-06-05;
We estimate the volatility of Decred to become 1.09% tomorrow 2023-06-03 and 1.33% on 2023-06-05;
We estimate the trading volume of Decred to amount to $195 486 tomorrow 2023-06-03 and $453 493 on 2023-06-05.
Our recommendation for the pair DCR/USD for tomorrow, 2023-06-03, to buy.
Bearish response: The Decred price melts by 5% between May 26 and June 1.
Between May 26 - June 1, Decred has been mostly bearish as its price has been in the falling mode. The volatility associated with the DCR market was low, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Decred sees limited 1% gains between May 24 and May 30 as the market cools down.
Decred has been bearish last week as its price has been predominantly rising. The volatility associated with the DCR market was low, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Decred sees limited 1% gains between May 24 and May 30 as the market cools down.
Decred has been bearish last week as its price has been predominantly rising. The price swings of DCR pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.
May 23 - May 29 market wrap: Decred had a slight 1% drop.
The behavior of Decred last week was characterized by the occurrence of downswings. DCR has been going through a period of low volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.
Decred market stayed flat from May 22 - May 28.
Decred portrayed neutral behavior last week, with no changes in the price. The volatility associated with the DCR market was low, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Decred retraces by 2% in the period May 21 - May 27 as the market turns slightly bearish.
The analysis of last week’s price action shows that the Decred market is in the bearish phase since the price has been moving downward. The volatility of DCR has been low throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Bearish response: The Decred price melts by 4% between May 18 and May 24.
The downward movement of the Decred price last week indicates the chosen market is bearish. The situation on the DCR market shows that the underlying asset is currently experiencing a period of low volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
Decred slid down by 4% last week (May 17 - May 23) as the sellers pushed back.
Between May 17 - May 23, Decred has been mostly as its price has been in the falling mode. The volatility associated with the DCR market was low, as were its price fluctuations. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Down by 4% : The Decred market saw some bearish action last week (May 12 - May 18).
The downward movement of the Decred price last week indicates the chosen market is. The situation on the DCR market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Buyers weakened their grip on the Decred market (May 10 - May 16) as the price rose only by 2%.
The analysis of last week’s price action shows that the Decred market is in the phase since the price has been moving upward. The situation on the DCR market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.