Dash 2 Trade Price Prediction for Today, September 4: D2TUSD Begins Its Bullish Momentum
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Dash 2 Trade Price Forecast: D2TUSD Begins Its Bullish Momentum (September 4)
After updating the lows as usual, D2TUSD begins its bullish momentum with a positive performance touching a 4-hour high of $0.00252 earlier today. The rise is due to the broader upward movement and a positive shift in market conditions. Hence, if all support levels hold and resistance breaks out of the $0.00263 level, we can see a further change in the price to retest the $0.00400high value and extend further to a $0.00800 and perhaps rise as high as the $0.01000 level, signaling increased buying activity.
Key Levels:
Resistance levels: $0.00450, $0.00500, $0.00550
Support levels: $0.00200, $0.00150, $0.00100
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade‘s long-term outlook is bearish. In addition, the price is trading below both EMAs, indicating that the market is currently in a negative area.
The bears’ pressure caused the coin price to drop below the supply trend lines, reaching a low of $0.00250 in yesterday’s session. However, it now seems the bulls are about to take the lead and push us upward, as it begins its bullish momentum.
The price of D2TUSD responded to the shift in the market structure and is currently below the moving averages at the $0.00252 resistance value as the 4-hourly chart opens today.
With this current trend, buyers can pick the token at a lower rate and move the market further. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Additionally, the daily stochastic suggests an uptrend, indicating a bullish continuation upward. This will allow the bulls to continue the current rally and may soon result in the $0.01000 resistance trend line or higher, signaling an increased buying activity in the long-term forecast.
D2T (USD) Medium-term Trend: Bearish (1H)
The currency pair is below the moving averages, suggesting a bearish market sentiment in its lower time frame. Thus the D2TUSD is correcting and will resume its bullishness soon.
A rise to a $0.00252 high level by the bulls shortly after the 1-hour opens today affirms the returns of the long traders into the market, leaning towards a bullish trend.
Thus, the price of Dash 2 Trade is set to advance further if the bulls can redouble their efforts and push above the current supply level.
Hence, the stochastic oscillator pointing up suggests an uptrend. Thus, we can expect the price of D2TUSD to retest the $0.00263 supply level and increase to a $0.01000 upper supply level in the coming days in its lower time frame.
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