• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Why is Decred up by more than 15% today?

April 18, 2022
in Finance
0
Why is Decred up by more than 15% today?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



The broader crypto market is underperforming at the moment, but Decred is rallying.

The broader cryptocurrency market has been struggling over the past few days, and the bearish trend could continue for the rest of the day. The market has lost more than 4% of its value in the last 24 hours.

Currently, the total cryptocurrency market cap has dropped to the $1.8 trillion level. If the bearish trend continues, the total crypto market cap could drop to the $1.7 trillion level before the end of the week.

Bitcoin and Ether, the two leading cryptocurrencies by market cap, have lost more than 3% of their values in the last 24 hours. Bitcoin has dropped below the $40k psychological level while Ether is trading below $3k for the first time in weeks.

However, DCR, the native token of the Decred ecosystem, is up by more than 18% in the last 24 hours. Thus, making it the best performer amongst the top 100 cryptocurrencies by market cap.

There is no clear catalyst behind DCR’s ongoing rally, with the broader market currently underperforming.

Key levels to watch

The DCR/USDT 4-hour chart is bullish as the coin has outperformed the market in the last 24 hours. However, the technical indicators show that it could be due for a trend reversal if the broader market continues with its current bearish performance. 

The MACD line is above the neutral zone, indicating bullish momentum. The 14-day RSI of 66 shows that DCR could enter the overbought region if it gains the support of the broader market. 

At press time, DCR is trading at $67.2 per coin. If the current momentum continues, DCR could rally past the $70 mark before the end of the day. However, it would need the support of the broader market to reach $75 over the coming hours and days.

DCR could drop below the first major support level of $63.4 if the broader market continues to be bearish. However, it should defend the second major support level at $59 over the next few hours.

The post Why is Decred up by more than 15% today? appeared first on Coin Journal.

Previous Post

2022 VW Jetta GLI Road Test Review

Next Post

Biden to require US-made steel, iron for infrastructure

Related Posts

Toyota warns profit to skid 20% as raw materials costs pile up
Finance

Toyota warns profit to skid 20% as raw materials costs pile up

TOKYO — Toyota Motor warned...

Read more
Reuters reveals China’s oil champion prepares Western retreat over sanctions fear
Finance

Reuters reveals China’s oil champion prepares Western retreat over sanctions fear

Business & FinanceDealsEnergy13 April 2022,...

Read more
How Long Does It Take to Execute an M&A Deal?
Finance

Talk About Financial Constraints to Your Clients

The study of various financial...

Read more
‘Democrats Got to Stop Sleeping at the Wheel’ to Win Midterms: Brazile
Finance

‘Democrats Got to Stop Sleeping at the Wheel’ to Win Midterms: Brazile

Ex-DNC Chair Donna Brazile said...

Read more
Reuters reveals Oil traders to cut Russian oil purchases from May 15
Finance

Reuters reveals Oil traders to cut Russian oil purchases from May 15

Business & FinanceDealsEnergy13 April 2022,...

Read more
Load More
Next Post
Biden to require US-made steel, iron for infrastructure

Biden to require US-made steel, iron for infrastructure

  • Trending
  • Comments
  • Latest
The #1 Best Supplement to Keep Your Bones from Aging, Says Dietitian — Eat This Not That – Eat This, Not That

The #1 Best Supplement to Keep Your Bones from Aging, Says Dietitian — Eat This Not That – Eat This, Not That

Horror as goat gives birth to ‘humanoid kid’ with baby-like face

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

Vicky White news – latest: Recordings of jailhouse phone calls prove guard’s relationship with Casey White – The Independent

Vicky White news – latest: Recordings of jailhouse phone calls prove guard’s relationship with Casey White – The Independent

What We Know – and Don’t — About the Omicron COVID Variant

U.S. COVID Deaths Hit 1 Million: ‘History Should Judge Us’

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

NASA reveals launch dates for Artemis I through the first half of 2023 – Ars Technica

NASA reveals launch dates for Artemis I through the first half of 2023 – Ars Technica

House Appropriations Committee preps $28M emergency bill to address baby formula shortage – Fox Business

House Appropriations Committee preps $28M emergency bill to address baby formula shortage – Fox Business

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

What We Know – and Don’t — About the Omicron COVID Variant

U.S. COVID Deaths Hit 1 Million: ‘History Should Judge Us’

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

What We Know – and Don’t — About the Omicron COVID Variant

U.S. COVID Deaths Hit 1 Million: ‘History Should Judge Us’

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

Meet Fiona the pregnant ichthyosaur, Chiles oldest marine reptile mom – Livescience.com

NASA reveals launch dates for Artemis I through the first half of 2023 – Ars Technica

NASA reveals launch dates for Artemis I through the first half of 2023 – Ars Technica

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....