DCR Technical Analysis Jan 25

DCR is weakening around $18 with a %6.20 drop; critical support at $17.57 is being tested, nearby resistance at $18.42. Bearish momentum dominates for the next 24-48 hours.

Short-Term Market Outlook

DCR dropped %6.20 in the last 24 hours to the $18.00 level, with the day’s range at $16.94-$19.40. Volume remains low at $833k, limiting volatility while reflecting bearish pressure. RSI at 33.05 is approaching oversold territory, but MACD gives a bearish signal with a negative histogram. Supertrend indicator is bearish at $20.97 resistance, and as long as price stays below EMA20 ($19.46), the short-term outlook remains negative. 16 strong levels detected across 1D/3D/1W timeframes: 2 supports/4 resistances on 1D, 2S/3R on 3D, 2S/4R on 1W, confirming the downtrend. In the next 24-48 hours, a break below $17.57 support could accelerate downside momentum; above $18.42, a close could signal a bullish reversal. Short-term trades carry high risk; diligently monitor levels for quick invalidations.

Intraday Critical Levels

Nearby Support Zones

The most critical support is $17.5728 (score: 76/100), tested during today’s drop, and holding here could trigger a rebound to $18. Immediately below is the $16.94 intraday low to watch for quick scalp longs; a break opens the $14.21 downside target. Invalidation: Hourly close below $17.57 hardens the downtrend.

Nearby Resistance Zones

First resistance at $18.4233 (score: 62/100), today’s pivot and critical before EMA20 ($19.46). Above, $19.46 EMA20 and Supertrend $20.97 resistance cluster stands. Breakout: 15min close above $18.42 provides direction to short-term $22.05 target, but low scores (26/100) require strong volume.

Momentum and Speed Analysis

Short-term momentum is clearly bearish: MACD histogram widening negatively, RSI at 33 shows no divergence while drop speed appears to be increasing. Supertrend bearish signal with speed analysis points to rapid tests toward $17.57. Despite low volume, bearish candles (3 red in last 4 hours) support momentum. For upward speed, RSI 40+ and MACD crossover awaited; current setup suitable for scalp shorts. Volatility may stay in 5-8% range over 24 hours, BTC-dependent.

Short-Term Scenarios

Upside Scenario

Strong close above $18.4233 (15min/1h) targets EMA20 $19.46. With volume increase, extension to $20.97 Supertrend possible, ultimate $22.0500 (score 26). Trigger: RSI 45+ divergence and BTC above $89.6k. Invalidation: $17.57 break invalidates scenario. Risk: Low probability, short-lived oversold rebound nature.

Downside Scenario

Close below $17.5728 tests intraday low $16.94, then main $14.2100 target (score 28). MACD supports bearish momentum; if BTC slips toward $88.5k support, expect serial drops in DCR. Trigger: Hourly red candle series. Invalidation: Recovery above $18.42. This scenario dominant; tight stops essential with risk management.

Bitcoin Correlation

BTC at $89,082 with -0.75% change heading wrong way, bearish Supertrend creating pressure on altcoins. DCR highly correlated to BTC (24h beta ~1.5); if BTC loses $88,584 support, DCR could break $17.57 rapidly. Conversely, BTC above $89,614 resistance gives DCR rebound breathing room – key BTC levels: supports $88,584/$87,635, resistance $89,614/$90,779. Rising dominance adds risk for alts; adjust DCR scalps to BTC flow.

Daily Summary and Watch Points

Today’s focus: $17.5728 support and $18.4233 resistance tests. Bearish main scenario, monitor $14-22 range over 24-48 hours. Volume spike or BTC break as triggers. Short-term trading high risk; limit capital risk to 1-2%, apply invalidations diligently. For detailed review, visit DCR Spot Analysis and DCR Futures Analysis. Market dynamic, verify current data.