Dash 2 Trade Price Predictions for Today, November 8: D2TUSD Attempting the Break Up at $0.00553 Level

Dash 2 Trade Price Forecast: D2TUSD Attempting the Break Up at $0.00553 Level (November 8)
Despite the high market uncertainties, the D2TUSD pair is now attempting the break up of $0.00553 level to resume its recovery pattern. The coin is set for the next bull cycle and a swift increase is expected to follow soon. Therefore, a clear break below $0.00553 would result in further losses for the cryptocurrency. To refute any bearish theory, a daily candlestick above the specified supply level would be necessary. Thus, an upward trend shifts to a $0.01000 upper resistance level and beyond can be achieved if buyers are able to exert more effort in their tension within the market.

Key Levels:
Resistance levels: $0.00900, $0.01000, $0.01100
Support levels: $0.00500, $0.00400, $0.00300

D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade is bearish in its long-term outlook. The price responded to the shift in the market structure and is currently trading below the moving averages.

The coin price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few hours.

Today, the D2TUSD pair is set for another promising session; the coin is recovering from the recent correction as fresh buying emerges near the supply level following the upward race.

The bulls have decided to shift the trend up from a $0.00450 low value to a $0.00477 supply value below the EMAs as the 4-hour session opens as a pullback to possibly position the long traders for a larger rally in Dash 2 Trade price. Thus, a break above the $0.00552 value would intensify the buying pressure on the crypto.

Notably, the market price of D2TUSD is pointing up in the oversold region; this means that the momentum in the coin price will likely remain and continue in an upward move.

In the days to come, we can now anticipate that the bulls’ next jump may break up the $0.00553 which will possibly expose the price to a $0.01000 upper resistance level in its higher time frame.

D2T (USD) Medium-term Trend: Bearish (1H)
The medium-term outlook’s momentum appears bearish, but as the chart shows, it is now beginning to turn bullish. Right now, the D2TUSD price is trading near the EMA-9 at the resistance. Therefore, it appears likely that the bulls will soon take control and drive us higher.

The price drop to a $0.00450 low value in the previous action has contributed to its bearishness in its recent price level.

Despite the uncertainties in the crypto market, the bulls caused a rise to a $0.00477 high level below the two EMAs shortly after the commencement of the 1-hour chart opens today.

Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.

Hence, an upside breakout above the $0.00553 mark with a 1-hourly candle closing will offer buyers a solid foothold to push the Dash 2 Trade price higher.

Additionally, the market is pointing up in the oversold region indicating a buy potential. This will now compel the long traders to emerge and push the market price of D2TUSD up to a significant level of $0.01000 upper high level in the days ahead in its medium-term time frame.

Dash 2 Trade Development Update: improved the landing page and page skeletons, worked on app translation, fixed minor investor issues, updated the event tags API, and advanced the V2 API.

Dash 2 Trade Development Update:
07.11.2023

Updated the API for event tags, addressed minor ingestor issues, advanced the V2 API, made improvements to the landing page and page skeletons, and work on app translation.

-Finished and updated API for relevant tags for events… pic.twitter.com/N3s4QFkqGH

— Dash 2 Trade (@dash2_trade) November 7, 2023

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