Dash 2 Trade Price Predictions for Today, January 18: D2TUSD Preparing for the Next Bullish Rally
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Dash 2 Trade Price Forecast: D2TUSD Preparing for the Next Bullish Rally (January 18)
Dash 2 Trade is preparing for the next bullish rally after updating the lows as usual. The crypto has just begun its bullish momentum with a positive performance, touching a daily high of $0.00107 earlier today. Hence, the token price may soar higher and break the $0.00430 high mark if the bullish pressure persists, and the bulls could add more aggression to their buying actions in the market. The target might be the $0.01000 upper resistance value, reflecting a broader cryptocurrency recovery after a downturn, signaling increased buying activity.
Key Levels:
Resistance levels: $0.00107, $0.00108, $0.00109
Support levels: $0.00055, $0.00054, $0.00053
D2T (USD) Long-term Trend: Bearish (Daily)
Dash 2 Trade’s long-term outlook is bearish. In addition, the price is preparing for the next bullish rally as the price trades below EMA-50, indicating that the market is currently in a bearish trend.
The bears’ pressure caused the coin price to drop below the supply trend lines, reaching a low of $0.00096 in yesterday’s session. However, it now seems the bulls are about to take the lead, preparing for the next bullish rally.
The price of D2TUSD responded to the shift in the market structure and is currently below the moving averages at the $0.00107 resistance value as the 4-hourly chart opens today. With this current trend, buyers can pick the token at a lower rate and move the market further.
Hence, should the bulls put additional efforts into their buying motives, the price of D2TUSD could turn positive to retest the previous high of $0.00430, pushing the crypto to the new-high target levels.
Further, continuation to the upsides is likely as the price indicator projects an upward move, implying that the bullish trend will most probably continue, and the pattern might hit the $0.01000 resistance trend line in the upcoming days, resulting in a potential buy signal in its long-term view.
D2T (USD) Medium-term Trend: Bearish (4H)
The currency pair is below the moving averages, suggesting a bearish market sentiment in its medium-term outlook. Thus, the D2TUSD is correcting and will resume its bullishness soon.
The bearish candle at the $0.00095 low value in the previous action has made the coin price trade below the supply levels in its recent correction level.
The market value of Dash 2 Trade jumps up to the $0.00107 high level above the EMA-50 shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market.
Thus, the price of Dash 2 Trade will advance further if the bulls can redouble their efforts and push above the current supply level.
As anticipation builds for the next upcoming surge, the crypto price might surge to retest the $0.00215 peak barrier level, indicating high conviction from coin investors.
Notably, the stochastic oscillator pointing up suggests an uptrend. Thus, we can expect the price of D2TUSD to retest the $0.00215 supply level and increase to a $0.01000 upper supply level in the coming days in its medium-term time frame.
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