🔶 Before you think about entering or buying... you must see this analysis! Because the next movement on DCR currency is significant and will determine the future direction entirely.
DCR / USDT Analysis – Weekly Frame
DCR currency experienced a strong and sudden rise reaching levels above $70, and immediately after that, there was a sharp correction that brought the price back to its previous levels.
Currently, the price is moving around $17, and this is a sensitive area as it represents historical support from which the price has bounced back multiple times.
The overall trend after the rise has become a corrective downward trend.
There is a clear break (BOS) on the weekly frame, and this usually continues the downward movement.
If the area of 16 – 15$ is broken with a weekly close, we might see a visit to levels of $12 – $10.
However, if the price maintains the current area and shows a strong rebound, there is a possibility it may rise to test $22 – 25$ as the first resistance.
The currency is at a crossroads... either a respectable rebound from the current support or continuing to drop towards lower areas.
Monitoring this area is more important than taking risks.
