Dash 2 Trade Price Prediction for Today, January 16: D2TUSD Possible Reversal at the $0.00497 Support Level
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Dash 2 Trade Price Forecast: D2TUSD Possible Reversal at the $0.00497 Support Level (January 16)
Dash 2 Trade price may likely soar higher any moment from now. The coin having reached the oversold area is poised for possible reversal at the above-mentioned support for advancement. The crypto can jump upside even more in the future to its previous swing high if the price can close above the $0.00571 resistance value. The $0.01000 high level might be the target.
Key Levels:
Resistance levels: $0.00600, $0.00700, $0.00800
Support levels: $0.00400, $0.00300, $0.00200
D2T (USD) Long-term Trend: Bearish (4H)
The Dash 2 Trade price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the D2TUSD long-term traders as the market has reached the oversold region.
The sustained bearish pressure in the past few days at the $0.00500 support value has made the crypto price remain below the supply trend levels in its recent low.
The price hovers at a $0.00497 low level slightly below the moving averages as the 4-hour session opens today. Thus, if buyers eventually wrestle trend control from sellers and rebound from $0.00497 support, a breakout above the trend line is needed to confirm the potential Bull Run. However, buy investors are advised to join the market now to gain more profits while buying at low prices.
Meanwhile, 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 coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of short-term traders on the price flow. 
The sell traders made a downward move to the $0.00499 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Dash 2 Trade below the supply trend lines in its recent times.
Actions from the bears further dropped the coin price down to the $0.00497 support level below the two EMAs as the 1-hourly chart resumes today. Thus, if the bulls can put extra effort into the price action and break above the $0.00576 supply mark, further selling pressure will be put into hibernation.
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 addition, the price of D2TUSD will rise further as the market is oversold already. This will compel the buy traders to resume the uptrend move soon; in this case, the $0.01000 resistance level might be the target in the medium-term view.
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