Dash 2 Trade Price Predictions for Today, April 26: D2TUSD Price Retesting the $0.00550 Supply Level
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Dash 2 Trade Price Forecast: D2TUSD (April 26)
The D2TUSD price is about retesting the $0.00550 supply level as the selling pressure appears to have been relieved at this point. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to retest the $0.00550 previous high level which might further expose the coin price to a $0.01000 upper high level and beyond, resulting in a great potential for the coin traders.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00300, $0.00200, $0.00100
D2T (USD) Long-term Trend: Bearish (4H)
The D2TUSD pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the coin buyers as the selling pressure seems to have been exhausted.
The sustained bearish pressure at the $0.00358 support level in the previous action has made the crypto price drop below the supply trend lines in its recent low.
Meanwhile, the current price at a $0.00357 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.
However, if the buy traders could increase their buying momentum and exchange hands with the sell traders at the $0.00358 support value, the Dash 2 Trade prices may soon swing above to retest the $0.00550 previous resistance level.
Additionally, the Stochastic is also showing the market is oversold at this point. This means that the selling pressure will end soon. The emergence of the bulls is crucial any moment from now.
As a result, the next price target by the bulls could be the $0.01000 upper resistance level in the upcoming days 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. This is due to the inflows of the sell traders.
The sell traders made a downward move to the $0.00358 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price to the $0.00357 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 $0.00398 resistance value, additional intraday gains would be recorded for the buy investors.
Additionally, the price of Dash 2 Trade might swing up above its previous high at the $0.00398 value as soon as the coin market price now trades in the oversold region, this will compel the bulls to resume the upward move and in this case, the cost 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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