Dash 2 Trade Price Prediction for Today, July 31: D2TUSD Threatens for the Next Jump
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Dash 2 Trade Price Forecast: D2TUSD Threatens for the Next Jump (July 31)
D2TUSD threatens for the next jump having decided to face the positive side. The coin price may likely retest the $0.00321 supply level as it is about to resume its bullish race. Therefore, if the bulls could trigger their forces in the market, the coin price may likely increase and turn positive to reach the $0.01000 high level and beyond, maintaining a further growth potential for the buy traders.
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 on its long-term chart. The price is in green below the two EMAs; suggesting a bearish trend, due to the high inflow from the sell traders.
However, the bulls are about to change their tune as a new correction phase has just begun at the support level. The persistent bearish pressure in the past few hours has made the Dash 2 Trade price remain below the supply trend levels at its recent low.
The bulls are trying hard not to fall again as the market value of D2TUSD, jumped to a $0.00250 high value below the EMAs shortly after the commencement of the 4-hourly session today.
Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels. Thus, traders who buy the coin during the bearish market will also make gains in the future.
The stochastic is showing an uptrend continuation by pointing upwards in the oversold region, indicating that the selling pressure is over. The emergence of bulls is crucial to resume the bullish trend. Hence, the $0.00321 supply level might be tested, to hit the $0.01000 resistance level in the days to come in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
The market price of D2TUSD is in the bearish market zone. This is due to the inflows from the sell traders. The sell traders’ move to the $0.00258 support level before the end of yesterday’s session has made the coin price continue with the trend in its recent low.
Actions from the bears further dropped the Dash 2 Trade price to the $0.00250 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 $0.00260 resistance value, additional intraday gains would be recorded for the buy investors.
In addition, the coin is at the oversold region of the daily stochastic, more buyers’ participation is a prerequisite at the moment. We expect the price of D2TUSD to hit the $0.01000 upper resistance value amid sustained buying pressure in the coming days in its lower time frame.
Please take note, European users 🇪🇺. We have added the $USDC pair for bot trading on the platform in order to comply with and adjust to the new MiCA regulations, which do not identify $USDT as a compliant stablecoin.
Attention our European users 🇪🇺🚨
— Dash 2 Trade (@dash2_trade) July 18, 2024
To comply and adapt to new MiCA regulations (https://t.co/UtdkDNHTy1) which do not list $USDT as a compliant stablecoin, we have added $USDC pair for bot trading on the platform.
Simply search for the desired token, or chose it from the list📜 pic.twitter.com/LJSgnR9t81
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