Dash 2 Trade Price Prediction for Today, September 5: D2TUSD Price Will Rise Soon, Breakout Imminent.
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Dash 2 Trade Price Forecast: D2TUSD Price Will Rise Soon, Breakout Imminent (September 5)
The current chart of D2TUSD shows that the coin price will rise soon, and a breakout is imminent as it reaches the oversold region, suggesting the end of selling pressure. The crypto price may experience a bullish reversal at the $0.00250 current supply level, provided the bulls add more tension to their buying momentum. If this is achieved, the potential could turn positive and break out to touch the $0.00300 previous barrier and expand to the $0.01000 upper high level, signaling the potential for significant gains as the uptrend resumes soon.
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)
The Dash 2 Trade price is experiencing selling pressure, forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs, suggesting a bearish trend due to the high inflow from the sell traders.
However, there is about to be a turnaround for the D2TUSD buy traders as it anticipates a rise soon, and a breakout is imminent as the market is oversold.
The sustained bearish pressure in the past few hours at the $0.00251 support value enhanced the crypto price to remain below the supply trend levels in 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 crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future and boost the Dash 2 Trade price to a new height.
The stochastic also shows the market is already oversold, implying that the selling pressure is unlikely. This will compel the bulls to reverse the trend and resume the bullish trend to retest the $0.00300 supply level, extending the D2TUSD price to the $0.1000 upper resistance level in the days to come in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
The market price of D2TUSD is currently trading in the bearish market zone, due to the inflows from the sell traders.
The sell traders dropped the coin price to the $0.00251 support level before the end of yesterday’s session, adding more strength to the selling pressure in its recent low.
Actions from the bears further dropped the coin price to the $0.00250 support level below the two EMAs as the 1-hourly chart resumes today.
Hence, should the bulls exchange hands with the sell traders and close above the $0.00263 resistance value, additional intraday gains would be recorded for the D2TUSD by investors.
Additionally, the price of Dash 2 Trade might swing up above its previous high at the $0.00263 value soon, as the coin market price trades at the oversold region, compelling the bulls to resume the upward move and in this case, the D2TUSD price might push higher to the $0.01000 supply mark and beyond in the days ahead in its medium-term time frame.
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