Dash 2 Trade Price Predictions for Today, October 14: D2TUSD Price Retesting the $0.00632 Supply Level
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Dash 2 Trade Price Forecast: D2TUSD Price Retesting the $0.00632 Supply Level (October 14)
There is a possibility for the D2TUSD pair to retest the $0.00632 supply level as it is about time to resume its bullish race. The coin is trying hard not to fall heavily to the downside. Therefore, if the bulls could trigger their forces in the market, the price may likely reverse and turn positive to reach the $0.01000 high level and beyond which would be a buying opportunity for the interested traders.
Key Levels:
Resistance levels: $0.00650, $0.00700, $0.00750
Support levels: $0.04500, $0.04000, $0.03500
D2T (USD) Long-term Trend: Bearish (4H)
The D2TUSD pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the coin buyers as the selling pressure seems exhausted at the present.
The sustained bearish pressure in the past few days has made the crypto price remain below the supply trend levels at its recent low.
Meanwhile, the current price of Dash 2 Trade at a $0.00472 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
In a like manner, the Stochastic which is pointing upwards in the oversold region suggests the end of selling pressure. This will compel the bulls to resume the bullish trend to retest the $0.00632 supply level; the $0.01000 upper resistance level might be reached in the days to come in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
The market price of D2TUSD is currently trading in the bearish market zone. This is due to the high inflows from the sell traders. This will soon fade off as we can see a new correction phase at the support level.
The sell traders made a downward move to the $0.00482 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
The bulls are not relenting, an increase in the price of D2TUSD to the $0.00476 supply value below the two EMAs as the 1-hour session opens today, shows that the buy traders are actually on top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
This bullish reversal pattern could assist the coin buyers in challenging the $0.00507 previous high value presenting a potential opportunity for buyers.
Notably, the Dash 2 Trade price will still go up as indicated by the daily stochastic which is pointing upward in the oversold region. We can therefore expect the new shift in trend to reach a high at the $0.01000 trend mark soon in its lower time frame.
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