Dash 2 Trade Price Predictions for Today, March 16: D2TUSD Looks for an Upside Reversal at the $0.00536 Support Level
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Dash 2 Trade Price Forecast: D2TUSD Looks for an Upside Reversal at the $0.00536 Support Level (March 16)
D2TUSD selling pressure may end soon as the coin price looks for an upside reversal at the current support level of $0.00536 and the coin price could be ready for an upward movement soon. Should the bulls push higher and wrestle with the bears at the mentioned support level, and the price shows sustainability above the $0.00822 resistance value, its upsides should extend further. Then we can expect a shift in trend to reach a $0.01000 upper resistance level, maintaining a further growth potential for the buy traders.
Key Levels:
Resistance levels: $0.05500, $0.06500, $0.07500
Support levels: $0.03000, $0.02500, $0.02000
D2T (USD) Long-term Trend: Bearish (4H Chart)
The Dash 2 Trade price is forming lower lows and lower highs on its long-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The persistent pressure from the short traders has made the Dash 2 Trade price remain below the supply trend levels in its recent low. However, the current trend will soon be nullified as the market now trades at the oversold region.
Meanwhile, the current price at a $0.00536 low value below the supply trend lines has not affected the market condition of the coin. Further, investors may seize the opportunity now buy the coin at a lower price and look for more gains ahead.
Notably, further downsides are unlikely as the market price of D2TUSD has reached the oversold region; the selling pressure seems to be exhausted. The coin now looks for an upside reversal to resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
In light of this, the upcoming potential correction could hit the $0.01000 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow. 
The high bearish impact on the Dash 2 Trade market at the $0.00540 low level in the previous action has contributed to its bearishness in its recent low.
.The market price of D2TUSD which drops to a $0.00536 support level below the two moving averages as the 1-hourly session opens today is a result of low bullish momentum.
However, the currency pair could grow further if the buy traders could exchange hands with the bears at the current support and break up the $0.00711 high level. This will encourage potential buyers for a sustainable rally.
Additionally, if the buying pressure should increase, there may be a potential rise in the Dash 2 Trade price and this might reach the high of $0.01000 supply level in the days ahead in its medium-term outlook.
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