Dash 2 Trade Price Prediction for Today, August 17: D2TUSD Price Retesting the $0.00300 Supply Level

Dash 2 Trade Price Forecast: D2TUSD Price Retesting the $0.00300 Supply Level (August 17)

D2TUSD price is poised to retest its previous supply level as the coin is about to make noise again. The crypto could be gearing up another buying sentiment. Therefore, if the bulls could trigger their forces in the market and exchange hands with the bears at the $0.00253 current support, the coin price retesting the $0.00300 might be the target, extending further to a $0.01000 upper resistance threshold, indicating high conviction among buyers.

Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00350, $0.00300, $0.00250

D2T (USD) Long-term Trend: Bearish (4H)

The Dash 2 Trade price is forming lower lows and lower highs below the supply levels, confirming a bearish trend in its long-term chart. However, there is about to be a turnaround for the D2TUSD buy traders as the market is oversold already.

The sustained bearish pressure in the past action at the $0.00254 support value has made the crypto price remain below the supply trend levels in its recent low.

Meanwhile, the current price at a $0.00253 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.

Additionally, there is a possibility of the Dash 2 Trade price retesting the $0.00300 supply soon if the bulls can wrestle trend control and rebound from the $0.00253 support level.

The stochastic shows that the market is already oversold, suggesting that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.00300 supply level; the $0.01000 resistance level might be reached in the days to come in its long-term outlook.

D2T (USD) Medium-term Trend: Bearish (1H)

The market price of D2TUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders. The sell traders made a downward move to the $0.00254 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.

Actions from the bears further dropped the coin price down to the $0.00253 support level below the two EMAs as the 1-hourly chart resumes today. Hence, should the bulls exchange hands with the sell traders and close above the $0.00268 resistance value, additional intraday gains would be recorded for the buy investors.

Additionally, the price of Dash 2 Trade might possibly swing up above its previous high at the $0.00268 value soon, as the coin market price is oversold, this will compel the bulls to resume the upward move and in this case, the price might push higher to the $0.01000 supply mark and beyond in the days ahead in its medium-term time frame.

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