Dash 2 Trade Price Prediction for Today, October 7: D2TUSD Price is Negotiating the Upper Resistance Level
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Dash 2 Trade Price Forecast: D2TUSD Price is Negotiating the Upper Resistance Level (October 7)
The D2TUSD price is negotiating the upper resistance level as the coin is currently recovering and also remains firm above the supply trend levels. The crypto might remain in that direction if the bulls could add more effort and the coin price closes above the $0.00632 previous supply level, the coin might further extend to a $0.01000 upper high level and beyond, thereby creating an accumulation zone for buyers.
Key Levels:
Resistance levels: $0.00650, $0.00700, $0.00750
Support levels: $0.00500, $0.00450, $0.00300
D2T (USD) Long-term Trend: Bullish (4H)
Dash 2 Trade price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving towards the upper resistance area.
The sustained bullish pressure pushed the currency pair up to the $0.00486 supply level during yesterday’s session and sustained it. This has made it possible for the coin to remain firm in an uptrend in its recent high.
At the time of writing this article, the price of D2TUSD trades at the $0.00487 resistance level above the two moving averages as the 4-hour chat opens today, which indicates an intraday growth and more gains for buyers.
A strong push by the long traders above the $0.00632 previous high point with a 4-hour candle closing would provide an opportunity for buyers to regain control and potentially drive the price of Dash 2 Trade toward the $0.01000 upper resistance mark.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $0.00632 supply trend line, the market participants may witness a new recovery rally and this may reach a high at the $0.01000 mark soon in its higher time frame. This signals a BUY trade again in its long-term forecast
D2T (USD) Medium-term Trend: Bullish (1H)
D2TUSD is showing a more bullish impact in its medium-term outlook. The bulls are having the market at their disposal at the moment. However, a high retest to the breached $0.00475 supply suggests strength in bullish momentum.
The bulls made an aggressive move up to the $0.00487 resistance level above the two EMAs shortly after the 1-hourly chart opened today. This however makes it possible for the coin to rise further.
Thus, a sharp breakout and closure above the current correction phase at a $0.00487 high value will invalidate any bearish thesis, and then there is a high probability of the price going up to its recent swing high, which is $0.00509 level to wade off the bearish shackles and focus on the ultimate breakout to the $0.01000 upper resistance level and beyond.
Notably, the Dash 2 Trade price will keep pushing up as indicated by the daily signal which is pointing in an upward direction.
Therefore, if the bulls should add more aggression to their activities in the market, the $0.01000 upper resistance level might be reached soon in its medium-term time frame.
As September has arrived, it appears that the volatile cryptocurrency market may favor the #Bears this month. Analyse September’s developments now.
📆 End-of-month-lookback for Sep 2023 📆
— Dash 2 Trade (@dash2_trade) October 5, 2023
September has rolled in, and it seems the #Bears may have an edge this month in the dynamic #cryptocurrency market. Let’s dissect the developments of September.
🟢 #Bullish News 🟢
1. Chinese Court Ruling
Despite the 2021 Beijing ban… pic.twitter.com/AfX0nbSXPb
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