Dash 2 Trade Price Predictions for Today, April 29: D2TUSD Possible Retracement at the $0.00375 Support Level
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Dash 2 Trade Price Forecast: D2TUSD Possible Retracement at the $0.00375 Support Level (April 29)
The D2TUSD market price might experience a possible retracement at the $0.00375 support level to resume its upward trends. A bullish breakout confirmation that closes above the $0.00505 resistance level would indicate that the market is feeling more optimistic. As a result, buyers will have a stronger foundation to extend the potential recovery. Therefore, a post-retest rally could push prices higher and reach the resistance trend level of $0.01000.
Key Levels:
Resistance levels: $0.00600, $0.00500, $0.00400
Support levels: $0.00400, $0.00350, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
The momentum on the higher time frame of D2TUSD is bearish due to the high impact of the bears on the crypto. The coin is trading below the two EMAs. However, the current trend will soon be hibernated as the market now trades at the oversold region.
The sustained selling pressure at the $0.00379 support value in the previous session has made the crypto price drop below the supply levels lately.
Actions from the sell traders further drop the Dash 2 Trade price to a low at $0.00375 level as the 4-hourly chart opens today. Thus, traders who buy the coin during a massive bearish market will also make gains.
Further, if buyers eventually wrestled trend control from sellers and rebound from $0.00375 support, a breakout above the trend line is needed to confirm the potential Bull Run.
Notably, the coin price now trades below the 5% range of the daily stochastic, this means that there is a possibility of price retracement at the $0.00375 low level which may lead to the retest of $0.00505 high level. Hence, the post-retest rally may hit the $0.01000 upper resistance level and beyond in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. 
Sustained pressure from the short traders to a $0.00379 low mark in the previous action has led the D2TUSD price below the supply levels in recent times.
The coin plummeted to the $0.00375 support level below the resistance levels as the 1-hour chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact. Traders might seize this opportunity to invest in the coin now at a lower rate and move the coin market up.
Thus, if the bulls can put extra effort into the price action the price of Dash 2 Trade could turn positive and break above the $0.00402 supply mark, as a result of this, further selling pressure will be put into hibernation.
Similar to that, the market price of D2TUSD is in the oversold region of the stochastic, this means that the selling pressure has reached an exhaustion, and at this point, the coin price is likely to retrace to the upside.
In light of this, the expected upside move in the price could be high at the $0.01000 level in the coming days in its medium-term outlook.
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