Dash 2 Trade Price Predictions for Today, March 13: D2TUSD Price Could See an Upward Retracement Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Could See an Upward Retracement Soon (March 13)
The market price of D2TUSD could see an upward retracement soon to resume its upside moves. The coin price may likely reverse and move in a bullish direction, and it may soon be prepared for another probable upward surge. With a high buying spirit from the bulls, the price may perhaps retrace to retest the previous high of $0.01232 and even further if buyers can demonstrate their strength and trade hands with sellers at the current support level of $0.00617. Thus, a post-retest rally may drive the prices high to hit the $0.02000 upper resistance trend level, indicating a positive market sentiment and investor interest.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade market is having a bearish posture in its higher time frame as can be seen from the chart below. This is due to the inflow of the sell traders.
The sustained pressure from the bears at the $0.00622 support level during yesterday’s session has contributed to its bearishness in its recent low. However, the current trend will soon be nullified as the market now trades at the oversold region. Today, the bears however made a drop to a $0.00617 support level below the moving averages as the 4-hourly session resumed.
Meanwhile, the current price at a $0.00617 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of market tension.
In addition, D2TUSD is likely going to reverse and face the upsides as the market is now trading around the 1.69% range of the daily stochastic; it means that the selling pressure is rounding up. This will compel the buy traders to resume an uptrend and may likely break up the $0.01232 supply level soon to hit the $0.02000 upper high mark in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
According to the chart below, the medium-term outlook for the Dash 2 Trade market is in a bearish trend zone. The prices can be seen below the moving averages at the moment. However, this cannot stay long as the market is currently trading in the oversold region.
The sustained bearish pressure at the $0.00622 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
In the last few hours, the D2TUSD price has tumbled 8.5% and reached the current support value of $0.00617 below the supply levels.
Thus, with sustained buying, the price may likely swing up and test the supply strength of the $0.00756 level and set the potential for further growth.
Similarly, the market is oversold already. Therefore, there is likely to be a retracement soon from the mentioned support. This indicates that there is no longer any selling pressure, and we can anticipate the forthcoming bullish correction phase to quickly achieve a high of $0.02000 in its medium-term time frame.
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