Dash 2 Trade Price Predictions for Today, July 20: D2TUSD Price Will Go Higher from the $0.00665 Support Level, Buy!
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Dash 2 Trade Price Forecast: D2TUSD Price Will Go Higher from the $0.00665 Support Level, Buy! (July 20)
There is a possibility for the D2TUSD pair to experience another bullish reversal price action soon as the market price has reached the bearish exhaustion offering a pullback opportunity. The coin price might possibly rebound at the current support of $0.00665 level to resume its uptrend soon if buyers should trigger their buying pressure in the market. The coin price may break up the $0.00789 previous resistance level which may prolong the price to hit the $0.01000 high trend line, resulting in a buying signal for the interested traders.
Key Levels:
Resistance levels: $0.01400, $0.01500, $0.01600
Support levels: $0.00700, $0.00600, $0.00500
D2T (USD) Long-term Trend: Bearish (4H Chart)
The overall sentiment regarding the D2TUSD pair based on the current price on the long-term perspective right now is bearish and traders are going short at the moment. Meanwhile, this trend will soon be invalidated as the price projector signal indicates sellers’ exhaustion.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. However, this will soon be invalidated as the short traders seem exhausted.
Pressure from the bears also contributed to the drop in the price of Dash 2 Trade to the $0.00655 low value below the supply levels as the 4-hourly chart resumes today. Thus, traders who buy at this trend will also make future gains, which is also, an opportunity for the buy traders to buy at a lower price.
While the crypto market is wavering in uncertainty, there is a likelihood for a price retracement from the mentioned support as the market is already oversold.
If this is achieved with intense buying pressure, this reversal might tumble the prices of Dash 2 Trade by 9.4% to hit the $0.01000 upper resistance level in the days ahead in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The D2TUSD pair is in a bearish market zone in the medium-term time frame. The price bar can be seen below the moving average lines. This is due to the high interaction of short traders in the market.
The sustained pressure from the bears at the $0.00663 support level in the past few hours has contributed to its bearishness in recent times.
Continuation to the south by the short traders at the $0.00655 low value below the two EMAs as the 1-hourly chart resumes today is a result of low bullish momentum.
With the overall market trend still bearish, the Dash 2 Trade price is likely to plunge higher and retest the high accumulation zone of $0.00747 level if the bulls could increase their buying motives.
This dynamic resistance would offer constant support to buyers and replenish the bullish momentum for a higher recovery.
Additionally, the market price of Dash 2 Trade is oversold: thus, there is a possibility of a bullish breakout from the current support at the $0.00655 value if the bulls should add more effort to their tension in the market. In light of this, the next target could be the $0.01000 high trend mark in the coming days in the medium-term perspective.
Backend changes, back tester pagination updates, article CRM enhancements, mobile UI adjustments, charting system updates, and open beta setup were all part of this week’s effort.
Dash 2 Trade Development Update:
— Dash 2 Trade (@dash2_trade) July 18, 2023
18.07.2023
This week's work included backend improvements, backtester pagination update, article CRM enhancement, mobile UI fixes, charting system updates, and open beta preparations.
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