Dash 2 Trade Price Prediction for Today, October 18: D2TUSD Will Grow Soon
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Dash 2 Trade Price Forecast: D2TUSD Will Grow Soon (October 18)
D2TUSD pair will grow soon as the selling pressure is exhausted already and the coin price could be ready for an upward movement. If the buy investors could change their orientation and prove stronger up the more and the price shows sustainability above the $0.00256 resistance value, its upsides should extend further to reach the $0.00900 upper resistance level, restoring the bullish sentiment in the market.
Key Levels:
Resistance levels: $0.00250, $0.00251, $0.00252
Support levels: $0.00200, $0.00190, $0.00180
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, suggesting a bearish trend.
The sustained bearish pressure in the past few hours has made the cryptocurrency price remain below the supply trend levels at its recent low.
Meanwhile, the current price at a $0.00250 low value below the supply trend lines has not stale the market condition of the coin. Further, investors may seize the opportunity and invest in 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.
Hence, the upcoming bullish rally could hit the $0.000800 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)
The coin also trades in a bearish trend market in the medium-term outlook, due to the high impact from the short-term traders in the price flow.
The sell traders made a downward move to the $0.00249 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Today, after a series of ranging moves the market price of D2TUSD dropped to a low of $0.0020 level below the two moving averages as the 1-hourly session opens today.
Thus, if the bulls could wrestle control from the sell traders, the coin price may reverse from the $0.00250 support level and touch the $0.0026 high mark, indicating a significant upward trend.
Additionally, the Dash 2 Trade market is at the oversold region of the daily indicator, suggesting that the selling pressure is uncertain.
The emergence of buyers in the oversold region is crucial and this may drive the coin price to a $0.00800 upper resistance level in the days ahead in its medium-term time frame.
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