Dash 2 Trade Price Prediction for Today, October 5: D2TUSD Price Remains Strong above the $0.00475 High Level
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Dash 2 Trade Price Forecast: D2TUSD Price Remains Strong above the $0.00475 High Level (October 5)
The D2TUSD market is positive again today. The coin buyers’ activities have made the price at a $0.00509 high value remain strong above the supply trend levels. Crypto is facing high pressure from the bulls and from the look of it, it will keep growing. Hence, a further increase in the bulls’ action may trigger the coin price up and break the previous high at the $0.00632 mark, this may extend the price action to reach the $0.01000 resistance trend line and beyond.
Key Levels:
Resistance levels: $0.00900, $0.00800, $0.00700
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 remains strong above the EMA-9; this is due to a high bullish impact on the crypto.
The buy traders made an upward move to the $0.00457 resistance level before the end of yesterday’s session. This gave buyers more strength to continue with the trend in its recent high.
The bulls are not relenting, an increase in the price of D2TUSD to a $0.00509 high value above the EMA-9 as the 4-hour session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
A strong push by the long traders above the $0.00632 previous high point with a 4-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price of Dash 2 Trade toward the $0.01197 mark.
Conclusively, if the buy traders should increase their price action, and bullish momentum is sustained, the Dash 2 Trade price may likely pump up to a significant level at a $0.01000 value and beyond in the upside before the close of today. This signals a BUY trade again in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
D2TUSD is in a bullish scenario as can be seen on the 1-hour chart below. Sellers are panicking as the prices remain strong above the moving averages, confirming an uptrend.
The bullish pressure at the $0.00475 supply level in the past few hours has sustained the crypto price above the trend levels in its recent high.
Earlier today, after completing the range moves, buyers rode in and made a smooth ride up to a $0.00509 high mark above the EMAs, this signifies that the buy investors still remain dominant in the market and are actually buying the coin.
Meanwhile, the current price shows a power struggle at the overhead resistance trend line, resisting the start of another bear cycle.
Thus, should the bulls change their orientation and the buying pressure persists, the coin will possibly give a bullish breakout of the current price pattern to retest the $0.00632 supply level, this may eventually lead the price of D2TUSD to the $0.01000 high mark in the coming days in its medium-term perspective.
Smart Money Insights: A green monthly Bitcoin candle that deviated from tradition in September. However, the market looks for more potent drivers of long-term confidence.
🔍 Smart Money Insights🚀
— Dash 2 Trade (@dash2_trade) October 4, 2023
September broke tradition with a green monthly Bitcoin candle. The market, though, seeks stronger catalysts for sustained confidence.
📊 Smart Money Stablecoin holdings: Slightly down to 14.6%, from a summer low of 12-13%.
🔄 Stablecoin exchange flow:… pic.twitter.com/ZuvBJST7E3
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