DCR Price Prediction

Decred was designed in such a way that the community approves all protocol transactions and changes. As a result, huge Decred holders are unable to influence the protocol’s functioning.

Decred is a unique initiative since it relies on the decentralized nature of blockchain technology to avoid monopolies over voting status inside the organization. One of the Decred protocol’s key goals is to ensure that all DCR holders have the same degree of decision-making power and that large institutions cannot sway votes in their favor. It ensures that those with enough DCR can vote on the company’s/future token’s and operations by implementing ticket-holder voting. Decred also developed Politeia, a dedicated voting platform that allows users to vote, submit recommendations, and initiate debates. Let us review the DCR price

DCR Price Prediction

DCR Price

Bullish Scenario: DCR touched the bearish downtrend line on the lower time frame like 4hour(4H) and is trading above the support zone of $61. If it stays above this zone and the resistance level at $74 is broken then we could start seeing a move towards $84, $97 and above.

Bearish Scenario: DCR has been in a downtrend channel since the last few months and we are not completely out of the woods to have strong bullish bias. On higher time frames such as daily, weekly, and monthly, DCR is still in a downtrend. So failure to hold the support at $49 and breaking below $38 could lead to a drop towards $24 and below.

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