Twitter Facebook LinkedIn Flipboard 0 Today Decred (DCR) crypto exploded in price by over 37.5% as a huge influx of trade volume came in around 9am BST. Another prime example of “don’t chase green” as the price has already corrected by 22.2%. According to Coinmarketcap Decred crypto is now ranked #90 amongst other cryptocurrencies and has a market capital of $373 million. Will Decred crypto recover? DCR is available on Binance. Cryptoassets are a highly volatile unregulated investment product. Decred (DCR) Crypto Price Prediction 2022 The price of Decred rocketed up to $32.90 before harshly correcting back down to current price levels of $26. At the time of writing this article Decred crypto is hovering above a key Fibonacci support trendline at the 0.786 level. It seems as if DCR has been able to consolidate at this current price range and may be able to bounce back up to the 0.618 Fibb level of $27.20 and retest as a resistance level. DCR/TetherUS – 30 Minute Time Frame. The above chart indicates a surge of volume which resulted in Decred (DCR) crypto becoming overbought on the relative strength index reading in at 91.83. This is extremely high and usually a bearish reversal or correction takes place after such a euphoric pump. If Decred crypto can consolidate at the current price levels there is a good chance the bulls may be able to push the price of DCR back up to $27.20. In addition to this, the likelihood of Decred going back to $33 seems rather slim as every candle above $28.20 has a very large wick on the body which reflects large selling pressure. DCR/TetherUS – 4 Hour Time Frame. The last 4 times Decred (DCR) crypto was overbought on the relative strength index, a bearish reversal took place followed by a short consolidation phase then a downtrend. We could potentially see the same pattern playing out once again from this very anomalous looking pump. Zooming out on the charts, Decred crypto is still down by 89% from the all-time high of $249 set on the 17th April 2021. The sentiment for Decred (DCR) is still very much bearish as we delve deeper into crypto winter and it is extremely unlikely all-time highs will be seen this year or even next year. Decred (DCR) Crypto Video Analysis If you think Decred (DCR) could make a strong addition to your crypto portfolio, the best place to trade this particular cryptocurrency is on Binance. However, a recent new crypto known as Tamadoge could potentially offer greater returns in the next few weeks as it will be getting deployed on a centralized exchange following its recent successful presale which raised a whopping $19 million. According to the official Tamadoge Twitter page @Tamadogecoin the announcement of which CEX it it will launch on, as well as the date and time will occur tomorrow on the 23rd September 12:00 BST. Cryptoassets are a highly volatile unregulated investment product. Related: 12 Best Cryptocurrency to Invest in September 2022 15 Top Crypto Exchanges in the UK 2022 Best Altcoins to Invest in 2022 Will Tamadoge 100x? Join Initial Exchange Offering on OKX Our Rating '10x - 50x Potential' - CNBC Report Deflationary, Low Supply - 2 Billion Move to Earn, Metaverse Integration on Roadmap NFT Doge Pets - Potential for Mass Adoption Upcoming Listing on OKX - Sept 27th Visit OKX Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Jacob Bury.Learn how to publish your content on B2C Join our Telegram channel to stay up to date on breaking news coverage Author: Jacob Bury Jacob Bury got invested in Cryptocurrency during his travels in the Philippines when Covid first broke out in March 2020. He hasn't looked back since. In addition to being a technical analyst and blockchain investor, Jacob has his own YouTube channel with 4,000 subscribers. Jacob Bury has worked inView full profile ›More by this author:IOTA Crypto Price Prediction – Time to Buy IOTA?Terra Luna Classic Crypto Price Prediction – Will LUNC Recover?Terra Luna Classic Crypto Price Prediction – LUNC Ready to Pump?