Dash 2 Trade Price Prediction for Today, January 15: D2TUSD Price Drop to End Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Drop to End Soon (January 15)
It is time for the D2TUSD price drop to end as the bears’ pressure on the coin has reached exhaustion. If the bulls can wrestle with the bears at the $0.00500 support level, the crypto price will escape the support trend line. Thus, a strong push by the long traders above the $0.00614 previous high point with a 4-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price of Dash 2 Trade toward the $0.0100 upper resistance mark, resulting in intraday gains for the buy traders.
Key Levels:
Resistance levels: $0.00600, $0.00700, $0.00800
Support levels: $0.00450, $0.00350, $0.00250
D2T (USD) Long-term Trend: Bearish (4H)
D2TUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market has reached bearish exhaustion.
The order flow by the short-term traders at the $0.00502 low value during yesterday’s session has made the coin price stay below the supply level in its recent low.
Actions from the bears further dropped the Dash 2 Trade price down to the $0.00500 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 $0.00614 price level.
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.
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 long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
The inflows from the short traders also dropped the market price of D2TUSD in a bearish move in its medium-term time frame.
The sustained bearish pressure at the $0.00507 support value has made the crypto price drop below the supply levels in recent times. However, the bulls are about to resume the next uptick as the price drop will soon end.
Today, the bulls are trying hard to remain above the $0.00576 supply mark, so the Dash 2 Trade price can pull back at the current support of $0.00500 to invalidate the bearish theory.
Hence, should the bulls exchange hands with the sell traders at the mentioned support and close above the $0.00576 resistance value, additional intraday gains would be recorded for the buy investors.
Notably, the market price of D2TUSD is now oversold, which means that the selling pressure may end soon. Therefore, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $0.01000 resistance level in the coming days in its lower time frame.
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