Dash 2 Trade Price Predictions for Today, August 3: D2TUSD Looks Promising at $0.00576 Level as Buying Pressure Rises
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Dash 2 Trade Price Forecast: D2TUSD Looks Promising at $0.00576 Level as Buying Pressure Rises (August 3)
The D2TUSD price is negotiating the upper resistance level as the coin is currently recovering and also steadily increasing in buying pressure. There is a possibility for the crypto to swing up further and challenge the previous high of $0.00735. Should the bulls increase their pressure, the post-breakout rally could drive the prices higher to hit the $0.01000, followed by $0.02000 upper resistance levels respectively, and beyond. Hence, a great opportunity and a clear buy signal for the long investors.
Key Levels:
Resistance levels: $0.01100, $0.01200, $0.01300
Support levels: $0.00900, $0.00800, $0.00700
D2T (USD) Long-term Trend: Bullish (4H Chart)
D2TUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the level of $0.00545. Thus, the market is presently facing resistance at the recent high.
The bulls have proved themselves stronger by pushing the crypto price up to the $0.00569 supply value in the previous action which has led the coin to remain above the supply trend levels in its recent high.
However, the bulls’ action increases the price of Dash 2 Trade up to the $0.00576 resistance level above the two EMAs even as the 4-hourly session opens today.
Hence an upside breakout above the $0.00735 previous high would intensify the buying pressure on the crypto.
Notably, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the post-breakout rally might push the price of Dash 2 Trade higher to the $0.02000 upper resistance value soon in its long-term perspective.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
On the medium-term outlook, the D2TUSD pair is in a strong resistance zone. Firstly, the crypto has broken above the moving averages with a long bullish candle very close to the upper resistance zone which indicates a possible rise of the pair. The pair is currently above level $0.00545.
Pressure from the bulls at the $0.00532 high value in the previous action has sustained its upward stability in its recent high.
At the time of writing this article, the Dash 2 Trade market traded at the $0.00576 resistance level and is close to the peak of the 1-hourly chart. This indicates that the crypto price is poised for a decisive breakout.
Thus, a strong buying pressure and a breakout above the current price level, with a 1-hourly candle closing could signify a shift in the market dynamics.
Adding to that, the uptrend is currently close to the upper resistance at level $0.00576, therefore if additional selling power is prevented the price of D2TUSD may likely hit the $0.02000 upper resistance level soon in its medium-term time frame.
As the price trend remains unchanged, the market displays conflicting signals. 90% of Smart Money’s portfolio is now held in volatile assets as their Stablecoin holdings fall to 10.8%. Exchange outflows imply retail selling, while Smart Money fills its bags.
🔍 Smart Money Insights 🚀
— Dash 2 Trade (@dash2_trade) August 2, 2023
The market shows mixed signals as price action remains stagnant. Smart Money Stablecoin holdings decline to 10.8%, indicating 90% of their capital in volatile assets. Outflows from exchanges suggest retail selling, while Smart Money fills up their… pic.twitter.com/g3V7emueas
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