Dash 2 Trade Price Prediction for Today, November 3: D2TUSD Price Recovery is set to Target the $0.01000 High Mark
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Dash 2 Trade Price Forecast: D2TUSD Price Recovery is set to Target the $0.02000 High Mark (November 3)
Amidst the recent market uncertainties, the Dash 2 Trade (D2TUSD) market is recovering steadily and the price recovery is set to target the $0.02000 high mark which is an opportunity for long investors. Should the bulls regroup and push higher, a further bullish breakout from the $0.00439 value will accelerate the new correction phase. The $0.02000 upper resistance level and beyond might be the target which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance levels: $0.00900, $0.01000, $0.01100
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bullish (4H)
Dash 2 Trade price is bullish on the higher time frame. The price bar can be seen trading above the two moving averages; this is due to the high impact from buyers.
The high order flow from the bulls to the $0.00432 supply level during yesterday’s session also added to its bullishness in its recent high.
The price action at the $0.00439 supply level above the moving averages shortly after the opening of the 4-hour chart indicates a high buying level from the bulls.
Thus, a 4-hour candle close above this trend line would empower buyers to potentially initiate a strong upward move above the previous high at the $0.00483 level to boost the recovery pattern.
Additionally, if the bullish momentum continues, the D2TUSD buyers could extend this recovery rally to the $0.02000 upper high mark sooner in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
D2TUSD is showing a more bullish impact in its medium-term time frame. The bulls are having the market at their disposal at the moment trading strongly above the resistance levels.
The bullish pressure at the $0.00430 supply level in the past few hours has sustained the crypto price above the trend levels in its recent high.
The aggressive move by the bulls pushed the Dash 2 Trade price up to the $0.00439 resistance value above the two EMAs as the 1-hour chart opens today. Thus, the bullish correction at the mentioned supply value returns the buy investors to the market for the next increase race.
Further, if the coin buyers could hold above the $0.00455 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY.
Additionally, buyers are seen clustered around the Dash 2 Trade market; if the buy traders manage to break above the $0.00455 previous supply trend line, the market participants may witness a new recovery rally and the next price target could be the $0.02000 high mark soon in its medium-term time frame. This signals a BUY trade again in its medium-term perspective.
Smart Money Insights: Smart Money Stablecoin holdings have taken a significant nosedive, down to 11.7%. The last time we saw these levels was in January 2022, during the previous Bull Market’s climb from the 7% low we had in November 2021. The last time we saw 11-12% in a declining pattern was in August 2021.
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💼 Smart Money Stablecoin holdings have taken a significant nosedive, down to 11.7%. The last time we saw these levels was in January 2022, during the previous Bull Market's climb from the 7% low we had in… pic.twitter.com/vc2IMR7Y30
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