Dash 2 Trade Price Forecast: D2TUSD Price Will Turn Upside Soon, the Next Target Might be the $0.1000 Supply Value (June 24)
D2TUSD‘s price is very likely to turn upside soon. However, a daily candlestick above the $0.01202 supply level would invalidate any bearish theory. Therefore, if buyers can put more effort into their tension in the market, the coin price could possibly reverse at the $0.00786 support level for upward momentum, the next price target might be the $0.1000 supply value which would be a great buying opportunity for the coin traders.
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.00800, $0.00700, $0.00600
D2T (USD) Long-term Trend: Bullish (4H Chart)
At the time of writing, D2TUSD is trading in an uptrend in its long-term perspective. The prices are above the EMA-50 line and have confirmed a bullish momentum breaking the previous high at $0.00733 value.
The sustained pressure from the bulls at the $0.00814 high level in the past few days has contributed to its bullishness in recent times.
The drop in the price of Dash 2 Trade to the $0.00781 low value above the EMA-50 as the 4-hourly chart commenced today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
Should the bulls change their orientation and increase their buying operations, the coin price could reverse from the current support to retest the previous high of $0.01202 value. A strong breakup above the mentioned resistance point would strengthen the bullish pressure.
Adding to this, the price of D2TUSD now trades in the oversold region. This means that the selling pressure will end soon. Hence, buyers need more aggression to overcome this dip-tour.
Anyhow, as more trading days pass by, the coin price is likely to retrace from the current support and may eventually break up its previous high which could extend to the $0.1000 upper resistance trend levels as the next price target in the coming days in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The D2TUSD pair is trading in the bearish trend market in its medium-term outlook. The price bar can be seen below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $0.00787 low level in the previous action contributed to its bearish momentum in its recent low.
Actions from the bears further dropped the coin price down to the $0.00781 support level below the two EMAs as the 1-hourly chart resumes today.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
The investors buying at this support can expect sustained growth above $0.00814 but will face in-between resistance at the $0.00814 and $0.00819 marks.
With the overall market trend still bearish, the Dash 2 Trade price is likely to plunge higher and retest the high accumulation zone of $0.00819.
Additionally, the market value of D2TUSD is now oversold. This means that the selling pressure is exhausted. Thus, the coin price will soon face the upside and if this is attained by the bulls, the next price target might be the $0.1000 upper resistance value in the nearby days in its medium-term perspective.
A development update for Dash2Trade.
— Dash 2 Trade (@dash2_trade) June 21, 2023
Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.