Dash 2 Trade Price Predictions for Today, July 25: D2TUSD Bullish pattern Threatens the $0.1000 Upper Resistance
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Dash 2 Trade Price Forecast: D2TUSD Bullish Pattern Threatens the $0.1000 Upper Resistance (July 25)
Amid the increasing uncertainty in the crypto market, the Dash 2 Trade price struggled to build up enough bullish momentum for a bounce back. The crypto is now set for the next bull cycle and a swift increase is expected to follow soon. Therefore, a bullish crossover above the $0.00753 previous high mark will encourage the buy investors for a longer correction and this might reach a high at the $0.1000 upper supply trend line.
Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00800, $0.00700, $0.00600
D2T (USD) Long-term Trend: Bearish (4H)
The D2TUSD pair is trading in the bearish trend market in its long-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness.
The interference of short-term traders to the $0.005254 low level in the previous action has contributed to its bearish momentum in its recent price level.
A breakout and the start of a bullish pattern to the upside at the $0.00544 supply value below the supply trend levels has been spotted as a pullback by the bulls as the 4-hourly session begins today.
The chart setup indicates active accumulation from buyers at significant support leading to a potential bullish upswing.
Thus, the pattern threatens a longer recovery and might retest the $0.00747 previous swing high neckline, resulting in an intraday gain for the coin buyers.
Adding to that, the stochastic oscillator pointing upwards means that the price action of Dash 2 Trade is in an uptrend. Hence, the post-breakout rally may surge the D2TUSD price by 17.5% to hit the $0.1000 upper resistance mark in the coming days in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
Despite the interference of short-term traders in the price flow, the 1-hourly chart market of Dash 2 Trade shows a bullish race. The price bars can be seen slightly above the EMA-9 threatening a solid upward rally.
The bullish pressure on the coin at the $0.00527 supply level in the previous action has sustained its price above the supply trend levels in its recent high.
When writing this article, the D2TUSD price trades at the $0.00544 supply level and hovers above the supply trend line as the 1-hourly chart opens today. In response to the current indecisive sentiment in the market, the cryptocurrency could continue its lateral walk for a few trading days.
Hence, additional efforts by the bulls and a breakout above the $0.00667 previous high with a 1-hourly candle closing could signify a shift in the market dynamics.
Having said that, if the bullish momentum persists, a breakout above this combined resistance with candle closing, the resulting rally may surpass the $0.00667 price level and hit the $0.1000 psychological level at the upside which will signal a strong buy signal for interested traders in the days ahead in its medium-term outlook.
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