Dash 2 Trade Price Predictions for Today, August 29: D2TUSD Escapes Dormant Market Conditions
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Dash 2 Trade Price Forecast: D2TUSD Escapes Dormant Market Conditions (August 29)
Today, the D2TUSD pair is about to make noise again in the crypto market. After long hours of sideways and low dips, buyers have emerged taking the crypto market from its dormant condition. Amid the uncertainties in the market, the coin price rebounded from the $0.00774 support and triggered a new bull cycle within the narrow range. A possible breakout from the patterns resistance trend line above the $0.01197 barrier will provide a long entry opportunity for traders. Hence, we can expect a good upside momentum up to the $0.1000 upper supply level and a potential buy signal.
Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00700, $0.00600, $0.00500
D2T (USD) Long-term Trend: Bearish (4H Chart)
D2TUSD is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.
The market has stagnated and has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few hours. However, this will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.
The Dash 2 Trade price rebounded from the support and moved up to a $0.00778 high level to resume and trigger a new bull cycle.
Thus, a sharp breakout and closure above the $0.01197 high value will invalidate any bearish thesis and focus on the ultimate breakout to the $0.1000 upper resistance level and beyond.
Additionally, the market price of Dash 2 Trade is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move. We can now expect the next jump to reach a $0.1000 upper resistance level in the days ahead in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
Dash 2 Trade is bearish in its medium-term outlook. The price also trades in a bearish market due to the interference from the bears. 
The market price made a pullback at the $0.00778 supply level below the two EMAs as the 1-hour chat opened today which resulted in intraday gains for the bulls.
An upside breakout with an hourly candle closing will intensify the bullish momentum and surge the prices to potential targets of $0.01197 previous high mark.
Additionally, the daily stochastic remains in an upward direction. Therefore, if the coin buyers could manage to break above the $0.01197 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.1000 high mark in the days ahead in its medium-term time frame.
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