Dash 2 Trade Price Predictions for Today, February 8: D2TUSD Price Retracement Will Surge Higher
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Dash 2 Trade Price Forecast: D2TUSD Price Retracement Will Surge Higher (February 8)
D2TUSD is facing a new correction to resume its upward rally and the price retracement will most likely surge higher. The coin now sends a clear bullish crypto signal trading above the EMAs. Amid the selling pressure the coin gave a bullish breakout from the $0.00601, suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $0.00727 high level, the potential rally could propel the crypto price toward the $0.01000 upper resistance level and beyond.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bullish (4H Chart)
Dash 2 Trade rebounded after its massive drop. The momentum on the higher timeframe (4H) is bullish. This is clear as we can see the prices trading above the moving average lines indicating an uptrend. So it seems likely that the bulls are determined to take over and push us higher.
The bullish pressure at the $0.00600 supply level in the past few hours has made the coin remain above the supply trend levels in its recent high.
After completing the low-dips by the sell traders at the $0.00597 low value, the bulls moved the D2TUSD price up to a $0.00601 high level above the supply levels as a pullback as the 4-hour chart resumes today. This is a result of more concerns from the buy investors.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of Dash 2 Trade higher to hit the previous high at $0.00727 level, bolstering buyers for a sustainable rally.
Additionally, as a result of an upward momentum shown by the price indicator, the bullish race might touch the $0.01000 resistance level sooner in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, the 1-hour chart market of D2TUSD shows a bullish race. The coin buyers are making several attempts to bounce off the support to gain more strength.
The price of Dash 2 Trade can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
In the previous session, the coin price was ranging above the two EMAs which were glued together, but additional buying pressure pushed the price above the critical level from the $0.00597 value to the $0.00610 resistance level above the moving averages.
This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
Notably, with buyers clustering around the market now means that the D2TUSD’s price will still go up further. Therefore we can expect the upward rally to reach the $0.01000 trend line soon in its medium-term outlook.
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