Dash 2 Trade Price Prediction for Today, March 17: D2TUSD Price Recovery is set to Target the $0.15000 Supply Level
March 17, 2023
#D2T#D2TUSD#Dash 2 Trade#Technical Analysis
Dash 2 Trade Price Forecast: D2TUSD Price Recovery is set to Target the $0.15000 Supply Level (March 17)
D2TUSD will rise soon and there is a possibility for the pair to maintain a stable upside moves today. The crypto having pullback to the $0.02542 resistance level might actually face more upsides if the bulls increase their activities in the market. At the time of writing this article, the coin price has increased to a $0.0569 high level and $0.15000 upper supply value might be the target.
Resistance levels: $0.06500, $0.07000, $0.07500
Support levels: $0.03500, $0.03000, $0.02500
D2T (USD) Long-term Trend: Bearish (4H)
The engagement from the sell traders has caused the market price of Dash 2 Trade to move in a bearish direction in its long-term time frame. Further, the price is trading below the two EMAs; it means that it’s in a bearish market zone at the moment.
The price drop to the $0.02804 low value during the previous action has made the price of D2TUSD trade below the supply levels. This will soon be invalidated as the trend has just resumed its rising pattern but has not yet reaches its goal.
The coin rebounded at the $0.02569 resistance level below the two EMAs targeting the supply zones shortly after the 4-hourly chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner. Thus, should the buy investors put more efforts and closes the 4-hourly chart above the $0.05360 supply trend line, further bearish sentiment will be invalidated.
Additionally, there is a possibility of a bullish breakout if the bulls should add more efforts to their tension in the market as the daily stochastic signal points in an upward direction in the oversold region; this indicates an uptrend and bullish trend continuation. As a result of this, the next target could be the $0.15000 upper supply trend level soon in the long-term perspective.
D2T (USD) Medium-term Trend: Bearish (1H)
The D2TUSD pair is in a bearish movement zone in its medium-term outlook. This is due to the inflow from sellers. Further, the price is gathering momentum and has decided to face the upsides to achieve more gains.
The bears’ activity at the $0.02804 supply level during the previous session has contributed to the bearishness of the cryptocurrency.
Today, after completing the low-dip moves, the bulls made a correction to the $0.02543 supply value below the moving averages to resume its uptrend. This suggests that the buy traders are actually investing in the coin at the present and will also encourage the buy traders to invest in the crypto, as possible future gains are certain.
Meanwhile, the Dash 2 Trade price may likely rise further as the bulls are seen clustered around the market and the price indicator shows an upward trend, the next bull ride could reach the $0.15000 supply level in its medium-term time frame.
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