Dash 2 Trade Price Predictions for Today, August 11: D2TUSD Price Is Rising Again, Invest Now!
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Dash 2 Trade Price Forecast: D2TUSD Price Is Rising Again, Invest Now! (August 11)
There is a possibility for the D2TUSD price to keep rising and may possibly increase to the $0.1000 high value. The coin price may likely continue with the high hike provided buyers don’t give up and increase their momentum pressure in the market. In case the bulls’ pressure breaks up the resistance level of $0.00650, the coin price may increase to a $0.1000 high level and beyond.
Key Levels:
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.00900, $0.00800, $0.00700
D2T (USD) Long-term Trend: Bullish (4H Chart)
D2TUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-9 moving towards the overhead resistance, indicating an uptrend.
The sustained bullish pressure at the $0.00567 high value in the previous action has made it capable for the crypto to remain stronger above the supply trend lines in its recent high.
A rise to a $0.00568 high level by the buying trading shortly after the 4-hourly session opens today affirms the returns of the long traders into the market. Thus, the price of Dash 2 Trade is set to advance further if the long investors can redouble their efforts and push above the current supply level.
A breakout above this barrier, with a 4-hour candle closing could signify a shift in the market dynamics. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the $0.00650 previous high mark.
Notably, the coin market will rise further as shown by the price indicator which is pointing upwards if the buy traders should increase their price actions, and bullish momentum is sustained above the $0.00650 high mark, the Dash 2 Trade price may likely pump up to a significant level at a $0.1000 resistance mark and beyond in its higher time frame. This signals a BUY trade again in its long-term perspective.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
Upward pressure still dominates the D2TUSD pair in the medium-term time frame. The coin price is now strongly trading above the moving averages which are glued together with huge volumes from buyers. Thus, the recent market structure has favored coin holders.
The bullish intervention to a $0.00566 high level in the previous action has made the price of Dash 2 Trade trade below the supply trend levels in its recent high.
On the 1-hourly chart today, there is a broader recovery in the prices. The crypto jumped up to a $0.00568 supply level above the moving averages as the buying team took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices. Thus, the post-breakout rally may surge the coin price by 17.5% to hit the $0.00602 previous high mark.
Having said that, the daily stochastic indicates an uptrend, should the bullish momentum persists, a breakout above this combined resistance with candle closing will signal a strong buy signal for interested traders and this may rise to a $0.1000 upper high level in the day to come in its medium-term outlook.
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💡 Have you made any of these common trading errors? Every trader faces challenges, but being aware of common missteps can set you apart.
— Dash 2 Trade (@dash2_trade) August 8, 2023
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