Dash 2 Trade Price Predictions for Today, October 1: D2TUSD Price Hints Fresh Recovery as New Month Begins
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Dash 2 Trade Price Forecast: D2TUSD Price Hints Fresh Recovery as New Month Begins (October 1)
After a prolonged downtrend, the Dash 2 Trade market price hit a fresh recovery around the $0.00441 level. This new recovery phase typically precedes a fresh bullish trend, suggesting a more optimistic future for the crypto price. If the coin price shows sustainability above the $0.00683 mark, buyers will get a strong foothold to prolong the recovery trend. Hence, the post-retest rally may drive the coin prices to hit the $0.01000 upper high level which would set the crypto buyers up for higher profits.
Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00900, $0.00800, $0.00700
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade price is bearish on the higher time frame. This is due to the high impact of the short traders. The high order flow from the bears during yesterday’s session also added to this bearishness. However, the bulls are now in the market to turn around the trend.
After completing the low-dips at the $0.00440 low value, the coin price found a reliable resistance at the $0.00441 value as a pullback below the two moving averages as the 4-hour session resumed today. This level is critical for the resumption of the uptrend and, therefore, must be defended at all costs.
Thus, a strong push and breakout by the long traders above the $0.00683 previous high point with a 4-hour candle closing could signify a shift in the market dynamics.
Notably, the daily signal projected an uptrend, which would bring more buyers to continue with the journey up north, and this may surge the price of D2TUSD high to a $0.01000 upper resistance value in the days ahead in its higher time forecast.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
The momentum on the medium-term outlook (1H) is bullish. The price of Dash 2 Trade staying above the EMA-9 confirms its bullishness and the high impact of the bulls.
Buyers acted bravely during the previous session by pushing the price of D2TUSD to a $0.00440 high value, this has made it possible for the crypto price to stay above the supply trend level in its recent high.
The D2TUSD price hit a fresh recovery from the range level of $0.00440 to a high of $0.00441 mark above the EMA-9 as the 1-hour session opens today. This indicates that investors are trading the coin at this level and also connotes more intraday gains for the buy investors.
However, a high rejection at the current supply reflects that long traders have started booking their profits. Therefore, a daily candlestick closing above the $0.00590 high mark is important to confirm a bullish breakout.
Adding to this, the Dash 2 Trade market is unlikely to fall again as the market suggests an uptrend on the daily stochastic. Thus, buyers are expected to push the market price of the crypto up to a $0.01000 significant level soon in the medium-term perspective.
With little over 1% growth for the month, Bitcoin has remained largely stable as “Red September” comes to an end. Stablecoin holdings at Smart Money are still between 15 and 16 percent, indicating little change in opinion. But the tale is not over yet.
🔍 Smart Money Insights🚀
— Dash 2 Trade (@dash2_trade) September 27, 2023
👀 As "Red September" winds down, Bitcoin has held relatively steady, up just over 1% for the month. Smart Money's stablecoin holdings remain around 15-16%, showing no significant change in sentiment. But there's more to the story.
🚀 DeFiLlama data is… pic.twitter.com/Nq4WV0vQhD
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