Dash 2 Trade Price Prediction for Today, March 25: D2TUSD Price Retesting the $0.01000 Supply Level Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Retesting the $0.01000 Supply Level Soon (March 25)
D2TUSD price retesting the $0.01000 supply level soon is the major concern of the bulls now as the selling pressure may end sooner. The crypto may likely retest the mentioned supply level any moment from now as it is about to resume its bullish race. The 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 $1.01000 high level and beyond.
Key Levels:
Resistance levels: $0.00600, $0.00700, $0.008000
Support levels: $0.00400, $0.00300, $0.00200
D2T (USD) Long-term Trend: Bearish (4H)
The D2TUSD 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 of the sell traders. However, there is about to be a turnaround for the coin-buy traders as the market is oversold already.
The sustained bearish pressure in the past few days has made the crypto price remain below the supply trend levels at its recent low.
At the time of writing this article, sellers made a drop in the value of Dash 2 Trade to the $0.00478 support level, to signal the next pump up to the bulls.
Meanwhile, the drop in the price action has not stale the market conditions of the coin, investors may seize the opportunity now and buy the coin at a lower price and look for more gains ahead.
Meanwhile, further downsides are unlikely as the market price of D2TUSD has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
In light of this, the next price jump could retest the $0.00756 previous highest level which may further expose the crypto price to a $0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
D2TUSD is bearish in its medium-term perspective. The price bars are seen below the supply levels and this is due to the high demand from the sell traders.
Pressure from the bears to a $0.00494 low level in the past few hours also contributed to its recent bearishness. However, the coin buyers are about to laugh as the Dash 2 Trade price is about to turn around.
Actions from the bears further dropped the coin price down to the $0.00478 support level beneath the two EMAs as the 1-hourly chart resumes today.
With the overall market trend still bearish, the D2TUSD price is likely to plunge higher and retest the high accumulation zone of $0.00550 soon.
Additionally, further downside is unlikely as indicated by the daily stochastic trading at the level 0%. This means that the bulls will take over sooner and this may drive the coin price to a $0.01000 upper high mark in the days ahead in its medium-term outlook.
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