Dash 2 Trade Price Predictions for Today, October 14: D2TUSD Price to Retrace Upwards Soon
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Dash 2 Trade Price Forecast: D2TUSD Price to Retrace Upwards Soon (October 14)
Today, the D2TUSD pair is temporarily down but might retrace soon and start making noise while the selling pressure prepares to subdue. The market is currently oversold. So, a renewed buying surge is about to break up the $ 0.00400 barrier. If achieved, the coin price could swing towards the $0.01000 upper resistance channel, suggesting a whale buying position.
Key Levels:
Resistance levels: $0.00250, $0.00260, $0.00270
Support levels: $0.00190, $0.00180, $0.00170
D2T (USD) Long-term Trend: Bearish (4H Chart)
D2TUSD 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 cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days. However, this will soon end as the selling pressure seems exhausted.
The Dash 2 Trade price drop to a $0.00250 low value below the EMA-50 as the 4-hourly chart begins today is due to a low bullish impact on the crypto. However, traders can buy the coin during the bearish market at a lower rate for more gains in the future.
The crypto indicates possible retracement as the market trades at the oversold region. Thus, if the bulls step in and increase their buying strength, the D2TUSD price might retrace to the $0.00400 barrier and extend to the $0.01000 upper resistance level in the coming days, suggesting a whale buying activity, leading to a potential gain for the coin buyers.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
Analyzing the chart below, D2TUSD is in a bearish scenario. The price currently trades below the EMAs, suggesting a bearish market. The sustained bearish pressure in the past few hours has contributed to its bearishness at its recent low.
Earlier today, actions from the bears slid the D2TUSD price to a low of $0.00250 below the moving averages as the 1-hourly chart opens. Meanwhile, the coin price may retrace soon as the market is oversold already.
Further, if buyers could renew their buying activities, the crypto price will retrace from the $0.00250 current support to retest the $0.00268 previous barrier level, bolstering the potential for a higher rise.
In addition, the Dash 2 Trade market is oversold, suggesting the emergence of buyers sooner to raise the crypto price. As a result, the crypto price may swing to a $0.01000 upper resistance level in the coming days in its medium-term perspective.
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