Dash 2 Trade Price Predictions for Today, August 14: D2TUSD Price Could Turn Positive Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Could Turn Positive Soon (August 14)
The market price of D2TUSD could turn positive soon to resume its upside moves soon as it seeks stable resistance. The coin price could witness an ease from the selling pressure if the bulls can push higher and exchange hands from the sell traders at the $0.0025 current support. The crypto might turn positive to retest the $0.00300 previous barrier and extend to $0.01000 due to the strong influence of the sell traders’ upper resistance value, signaling the potential for a prolonged increase.
Key Levels:
Resistance levels: $0.00550, $0.00600, $0.00700
Support levels: $0.00250, $0.00200, $0.001500
D2T (USD) Long-term Trend: Bearish (4H Chart)
D2TUSD witnessed temporary ease from the buying pressure as it indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market trades at the oversold region.
The previous action by the sell traders to a $0.00261 support value has dropped the crypto price below the resistance trend line in its recent low. Right now, the Dash 2 Trade market is anticipating a rise soon, as the selling pressure seems to be exhausted.
Today, the coin plummeted to a $0.00258 support level beneath the two EMAs as the 4-hourly chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run; traders who buy during the bearish market will get it at a lower rate and also make gains in the future.
Furthermore, there is a possibility for a price reversal at the mentioned support as the market trades at the oversold region of the daily stochastic. This upcoming bullish rally may likely break the $0.00300 high mark, which might hit the $0.01000 supply value in the coming days in the long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The coin price still trades in a bearish market in its medium-term, due to the high flow of the sell traders. The high order flow from the bears at the $0.00261 support value in the last few hours also added to this bearishness. However, the Dash 2 Trade market is about to experience a change in trend as the current correction will soon end.
Actions from the short traders dropped the crypto price to a $0.00258 low value below the supply levels as the 1-hour chart opens today.
Thus, if buyers eventually wrestle trend control from sellers and rebound from $0.00259 support, a positive breakout above the current support is needed to confirm the potential Bull rally.
Hence, we have a bullish bias that the D2TUSD price will turn positive soon as the market is already oversold. So, there is a possibility of price reversal at the $0.00259 low value, if the bulls could add more aggression to their buying motives.
The crypto might turn positive to reach the $0.01000 high trend line in the coming days resulting in an opportunity for quick gains to the buy traders in its medium-term outlook.
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