Dash 2 Trade Price Predictions for Today, December 28: D2TUSD Price Might Retest the $0.00712 High Value Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Might Retest the $0.00712 High Value Soon (December 28)
D2TUSD at the moment is preparing for the next jump and the coin price might retest the $0.00712 high value soon. The selling pressure has ended and the coin price could be ready for an upward movement soon. If the buy investors continue to be strong and the price remains above the $0.00686 resistance level, its upsides should extend further to retest its previous high of $0.00712. Then we can anticipate a trend change to reach a $0.01000 upper resistance level.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H Chart)
The D2TUSD market is in a bearish trend zone in the long-term outlook. This is due to the high impact of short-term traders on the price flow.
The sell traders made a downward move to the $0.00574 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Dash 2 Trade below the supply trend lines in its recent times.
Actions from the bears further dropped the coin price down to the $0.00558 support level below the two EMAs as the 4-hour chart resumes today. Thus, the anticipated bullish reversal could kick start a new recovery cycle and may push the price above the $0.00712 price level and end the ongoing correction.
The investors buying at this support can expect sustained growth above $0.00686 but will face in-between resistance at the $0.00698 and $0.00712 levels.
The Dash 2 Trade pair has reached the oversold region of the daily stochastic. This means that the selling pressure will subside soon.
We will now be looking into the emergence of more buyers in the oversold region of the market. As a result, the breakout rally could hit the $0.01000 supply level in the days ahead in its medium-term time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
D2TUSD price seems to have pulled back a little but the overall trend is still bearish in its medium-term outlook. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The sustained bearish pressure during yesterday’s session has made the crypto price remain below the supply trend levels at its recent low.
The bulls’ rise to a $0.00559 high level below the two EMAs as a pullback shortly after the 1-hour chart opens today confirms the long traders’ returns into the market. As a result, the price of Dash 2 Trade is poised to rise further if bulls can increase their efforts and push above the current supply level.
Thus, a strong push above the $0.00626 supply level will provide a strong resistance to the crypto price.
Additionally, further declines are unlikely as the market price of D2TUSD indicates an uptrend on the daily signal. As a result, we can now be more confident that a potential buy is nearer.
In light of this, the price jump could hit the $0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its medium-term perspective.
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