Dash 2 Trade Price Predictions for Today, November 13: D2TUSD Possible Reversal at the $0.00499 Support Level
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Dash 2 Trade Price Forecast: D2TUSD Possible Reversal at the $0.00499 Support Level (November 13)
The D2TUSD market price might soon resume its upward trend with a potential reversal at the $0.00499 support level. A bullish breakout confirmation that closes above the $0.00553 resistance level would indicate that the market is feeling more optimistic. By doing this, buyers will have a stronger foundation to extend this recovery. Therefore, a post-retest rally could push prices higher and reach the resistance trend level of $0.01000.
Key Levels:
Resistance levels: $0.00600, $0.00500, $0.00400
Support levels: $0.00400, $0.00350, $0.00300
D2T (USD) Long-term Trend: Bullish (4H)
The momentum on the higher time frame of D2TUSD remains bullish despite the activities of the bears on the crypto. The coin is trading above the two EMAs. However, the current trend will soon be nullified as the market approaches the oversold region.
The sustained bullish pressure at the $0.00509 support value in the previous session has made the crypto price retain its strength above the supply levels in recent times.
The drop in the price of Dash 2 Trade to the $0.00499 low value as the 4-hour chart commenced today has no serious effect on the market as the price remains in an uptrend.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $0.00553 resistance point would strengthen the bullish pressure.
Notably, as the market moves closer to the daily stochastic oversold area, a price reversal at the aforementioned support is possible in the interim. In the long run, this anticipated bullish surge could break through the $0.00553 high point and reach the $0.01000 upper resistance value in the upcoming days.
D2T (USD) Medium-term Trend: Bearish (1H)
The currency pair is trading in a bearish market in its medium-term outlook. This is due to the high influence of the sell traders. 
Sustained pressure from the short traders to a $0.00505 low mark in the previous action has led the D2TUSD price below the supply levels in recent times.
The coin plummeted beneath the $0.004992 support level as the 1-hour chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact. Traders might seize this opportunity to invest in the coin now at a cheaper rate.
Thus, if the bulls can put extra effort into the price action the price of Dash 2 Trade could turn positive and break above the $0.00520 supply mark, as a result of this, further selling pressure will be put into hibernation.
In continuation, the market price of D2TUSD is in the oversold region of the stochastic, this means that the selling pressure has reached an exhaustion, the expected upside move in the price could be high at $0.01000, swing high in the coming days in its medium-term outlook.
Even though the price action hasn’t been as volatile as it was a few weeks ago, the general sentiment is still positive after another week. In the last two months, we have seen a nearly 40% increase in Bitcoin with little regression.
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— Dash 2 Trade (@dash2_trade) November 9, 2023
Another week has passed, and the overall sentiment remains high, even though the price action hasn't been as explosive as a few weeks ago. We're almost 40% up on Bitcoin over the past two months, with minimal retracement.
📈 A significant part of this… pic.twitter.com/GsKqf7tnt4
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