Dash 2 Trade Price Predictions for Today, April 6: D2TUSD Price is on the Verge of Reversal to the Upside
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Dash 2 Trade Price Forecast: D2TUSD Price is on the Verge of Reversal to the Upside (April 6)
The D2TUSD pair may soon see positive movement. The price is on the verge of a possible reversal to the upside at a $0.00407 support level. Should the bulls regroup and push higher, a further bullish breakout from the $0.00550 value will accelerate the new bullish correction phase. The $0.01000 upper resistance mark and beyond might be the target.
Key Levels:
Resistance levels: $0.00550, $0.00600, $0.00700
Support levels: $0.00450, $0.0400, $0.03500
D2T (USD) Long-term Trend: Bearish (4H)
The Dash 2 Trade market is having a bearish posture in its long-term outlook as can be seen from the chart below. Meanwhile, it also shows the coin has been oversold.
The interference of short-term traders at the $0.00414 low level in the past few days has contributed to its bearish momentum in recent times.
At the time of writing this article, actions from the bears further dropped the D2TUSD price down to the $0.00407 support level below the two EMAs as the 4-hourly chart resumes today.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Notably, it is very likely for the Dash 2 Trade price to reverse and face the upside as the market is now oversold, this means that the selling pressure is not likely again. So we expect the new bullish correction rally to commence soon and this may reach the $0.01000 upper resistance value in the near days in its long-term perspective.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The market price of D2TUSD is currently trading in the bearish market zone. This is due to the inflows from the sell traders.
The sell traders made a downward move to the $0.00424 support level in the past few hours. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the coin price down to the $0.00407 support level below the two EMAs as the 1-hourly chart resumes today.
Investors buying at this support level can expect sustained growth above the $0.00502 price level which could plunge prices back to the upper higher level.
The Stochastic is also showing the market price of Dash 2 Trade is already oversold. This means that the selling pressure will end soon. This will compel the bulls to resume the bullish trend to retest the $0.00502 supply level; the $0.01000 upper resistance level might be reached in the days to come in its medium-term outlook.
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