Dash 2 Trade Price Forecast: D2TUSD Price Breakout and Bullish Continuation (November 25)
Despite the uncertainties in the crypto market, the D2TUSD pair continues to maintain an overall bullish outlook. The coin price breakout and bullish continuation at the $0.00428 resistance value suggest that buyers are making a recovery attempt. The coin may likely increase further if the bulls could push the price high and the market price sustains above the $0.00553 high mark, the potential rally could surge above the $0.00560 higher level to hit the $0.01000 upper resistance value.
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade price is in a bearish trend in its long-term outlook. Further, the pair is trading in green below the moving averages approaching the resistance levels.
The bearish pressure at the $0.00424 support level in the past few hours has made the coin stay below the supply trend levels in its recent price level.
The coin price breakout at the $0.00428 resistance value below the two EMAs as the 4-hour chart opens today indicates the high buying impact from the bulls resulting in intraday gains.
Now, if the bulls should put extra effort and the coin price on the 4-hour chart closes above the $0.00549 high value, then there is a high probability of the price going up to its recent swing high, which is $0.00553 mark which would enable the market participants regain their confidence in the recovery sentiment.
Notably, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. It is expected that buyers to push the price of D2TUSD further up to a significant level in the upsides and in this case, the price breakout and bullish continuation might reach the $0.01000 supply level soon in the higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
On the medium-term outlook, prices of D2TUSD are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend above the EMA-50 as can be seen from the chart below.
After the completion of the sideway moves, the coin price rises significantly above the EMA-9 at the $0.00428 level as the 1-hour chart begins today. This is due to a high bullish impact on the market price.
Thus, with more pressure from the bulls, the price of Dash 2 Trade could rise to retest the previous high of $0.00497 which would create a strong accumulation zone for buyers and put the trade more on the buy side.
In addition, the market price of D2TUSD is in an uptrend on the daily signal, 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.
Smart Money Insights: What a busy week the cryptocurrency world had! After a little decline, Bitcoin turned green once more, indicating strong bullish signals.
🚀 Smart Money Insights 📊— Dash 2 Trade (@dash2_trade) November 23, 2023
What an eventful week in the crypto realm! Bitcoin took a brief dip, then turned green again, signaling strong bullish indicators.
📉 Market Moves & Regulatory Signals: Recent SEC actions aim more at control than destruction of crypto. Institutions… pic.twitter.com/EC15T42sqH
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