Dash 2 Trade Price Prediction for Today, December 27: D2TUSD Buyers are taking over Soon
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Dash 2 Trade Price Forecast: D2TUSD Buyers are taking over Soon (December 27)
D2TUSD buyers are taking over soon with a potential reversal at the $0.00577 support level. The selling pressure may end soon and the coin price could be ready for an upward movement. As a result, if the bulls can trigger their market forces, the coin price will most likely reverse and turn positive, to reach the $0.01000 high level and beyond.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
The Dash 2 Trade price at the moment is trading below the supply levels forming lower lows and lower highs on its long-term chart. This means that it’s in a bearish market zone. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the D2TUSD buy traders as the selling pressure seems to be exhausted.
The sustained bearish pressure in the past session at the $0.00606 support value has made the crypto price remain below the supply trend levels in its recent low. Nevertheless, the coin buyers are taking over soon.
Today, the bulls are trying hard to remain above the $0.00712 supply mark, so the coin price can pull back at the current support of $0.00577 value to invalidate the bearish theory.
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.
Meanwhile, further declines are unlikely because the D2TUSD market price has reached the oversold region. The coin will soon resume its upward trend, giving us reason to believe that a potential buy is not far away.
Hence, the price increase may reach the $0.01000 upper resistance level, indicating a strong supply zone for a potential BUY in the higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
In the medium term, the coin is also trading in a bearish trend market. This is because the short-term traders have a large influence on the price flow at the moment. Further, the price of Dash 2 Trade is gathering momentum and has decided to face the upsides soon to achieve more gains.
Sustained pressure from the short traders to a $0.00606 low mark in the previous action has led the D2TUSD price below the supply levels in recent times.
Actions from the bears further dropped the coin price down to the $0.00577 support level below the two EMAs as the 4-hourly chart resumes today. Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price above the $0.00654 price level.
In continuation, the market price of D2TUSD is in the oversold region of the stochastic, this means that the selling pressure has reached an exhaustion, the expected upside move in the price could be high at $0.01000, swing high in the coming days in its medium-term outlook.
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