Dash 2 Trade Price Prediction for Today, February 8: D2TUSD Price Retesting the $0.017947 Supply Level
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Dash 2 Trade Price Forecast: D2TUSD Price Retesting the $0.017947 Supply Level (February 8)
D2TUSD is about to resume its bullish race. Cryptocurrency is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.020000 high level and beyond.
Key Levels:
Resistance levels: $0.017000, $0.018000, $0.019000
Support levels: $0.014000, $0.013000, $0.012000
D2T (USD) Long-term Trend: Bearish (1H)
The Dash 2 Trade pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the D2TUSD buy traders.
The bears’ pressure on the crypto in the past few hours has dropped the price below the supply trend lines.
The bulls however made an increase to a $0.014216 high level earlier today after which sellers intervened and smashed the price down to a low at $0.013003 level below the moving averages.
With this current trend, buyers can pick up the price at a cheaper rate and move the market further up. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Meanwhile, the price of Dash 2 Trade which is pointing up on the daily signal implies that the price is still going up and a possible reversal is certain in this case, the price might possibly retest the $0.017947 resistance level if the buy traders could increase their efforts.
D2T (USD) Short-term Trend: Bearish (15-Minute)
The currency pair is trading below the moving averages, an indication of bearish market sentiment in its lower time frame. Thus the D2TUSD is making a correction and will resume its bullishness soon.
A rise to a $ 0.013394 high level by the bulls shortly after the 15-minutes opens today affirms the returns of the long traders into the market. Thus, the price of Dash 2 Trade is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator which is also pointing up means that the price action is in an uptrend. We can certainly expect the price of the coin to retest the $ 0.017947 supply level which might possibly increase to a $0.020000 upper supply level in the coming days in its lower time frame.
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