Dash 2 Trade Price Predictions for Today, July 8: D2TUSD Shows a Bullish Flag, Buying Time Is Now!
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Dash 2 Trade Price Forecast: D2TUSD Shows a Bullish Flag, Buying Time Is Now! (July 8)
D2TUSD is currently trading in a strong bullish market. The coin is projecting the upper resistance trend levels above the two moving averages. The coin price might likely increase further, if the bulls could add more strength to their potential buying and the market price sustains above the $0.00814 high mark, the potential rally could surge above the $0.00851 higher level to hit the $0.1000 upper resistance value and beyond accounting for a rise. Hence a buying time for the coin investors!
Key Levels:
Resistance levels: $0.01200, $0.01300, $0.01400
Support levels: $0.00700, $0.00600, $0.00500
D2T/ USD Long-term Trend: Bullish (4H)
On the higher-term time frame, prices of Dash 2 Trade are above the moving averages and have confirmed a bullish momentum breaking the previous high.
The pair is in a smooth uptrend as can be seen from the chart below. This looks nice for the buying trader and signifies a buy signal.
In the previous actions, the crypto has been having high interference from buyers which really made it easier for the pair to maintain stable upside moves in recent times.
The price breakout at the $0.00745 resistance value above the two EMAs as the 4-hourly chart opens today indicates the high buying impact from the bulls resulting in intraday gains.
Moreover, the price pattern warns of prolonged buying with the double bottom forming in the long-term chart. It is worthy of note that the Dash 2 Trade price could maintain a bullish outlook until the rising trend line is intact by testing the $0.00851 previous peak value.
Hence, D2TUSD is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction. We can certainly expect more gains and strength from the pair as the bulls continue to dictate the market conditions. The pair may likely reach the $0.1000 upper resistance level in the days ahead in its long-term perspective.
D2T /USD Medium-term Trend: Bullish (1H)
Amid the recent recovery in the crypto market, the Dash 2 Trade market gave a strong breakout from the medium-term outlook trading above the supply trend levels. The price is strongly trading in a bullish momentum in its higher time frame.
The bullish pressure at the $0.00740 level in the past action has sustained the coin price in its upward growth in recent times.
The price of D2TUSD rises significantly above the resistance trend lines at the $0.00745 level as the 1-hourly chart begins today. This is due to a high bullish impact on the market price. Meanwhile, if the 1-hourly candle rises above the $0.00761 mark by the day’s end, the bearish thesis will be invalidated.
Similar to that, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected of buyers to push the price of Dash 2 Trade further up to a significant level in the upsides and in this case, the target might be $0.1000 upper resistance level in the medium-term outlook.
Join us as we analyze five reasons for the bulls and bears in the cryptocurrency market in our “End-of-month look-back” article.
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