Coin of the day is Decred.
Decred is one of the market favorites lately, staying in bullish pattern despite the global correction.
Team positions its project as more honest and close to the people bitcoin pretender.
Decred(DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The coin is based on Proof of activity (POA) algorithm, an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Latest news
May 25 – Bittrex added DCRUSDT trading pair.
Technicals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Breakthrough of the 0.015 resistance did not happen, and overbought pair went into a correction, setting the peak at 0.0145. For the second day in a row, the price holds above 0.012 support, which fits in the bullish scenario. If Decred manages to take-off from 0.012 level the 0.015 level will be tested again and breakthrough will send the pare further up to 0.017 resistance (23.6% Fibo). From the below, 0.012 level is the closest support, above this level – Global Bullish Trend Line, 100-days EMA and psychological support 0.01.
Decred is one of the market favorites lately, staying in bullish pattern despite the global correction.
Team positions its project as more honest and close to the people bitcoin pretender.
Decred(DCR) is a cryptocurrency project that prioritizes decentralized governance and decision making on the blockchain. It runs autonomously with improvements voted on and enacted directly by the miners and holders of the currency.
The coin is based on Proof of activity (POA) algorithm, an innovative hybrid of POW and POS and claims it ensures that both miners and users have the same amount of influence on the various activities of the network.
Latest news
May 25 – Bittrex added DCRUSDT trading pair.
Technicals
Growing since the beginning of 2018, DCRBTC added in momentum after breaking Bearish Trend Line on 2018.05.10. Breakthrough of the 0.015 resistance did not happen, and overbought pair went into a correction, setting the peak at 0.0145. For the second day in a row, the price holds above 0.012 support, which fits in the bullish scenario. If Decred manages to take-off from 0.012 level the 0.015 level will be tested again and breakthrough will send the pare further up to 0.017 resistance (23.6% Fibo). From the below, 0.012 level is the closest support, above this level – Global Bullish Trend Line, 100-days EMA and psychological support 0.01.
