Dash 2 Trade Price Forecast: D2TUSD Price Remains Pressured above the $0.00616 High Value (September 19)
The D2TUSD pair is rising and is on its way to new resistance trend levels. The coin price is at the moment trying hard not to fall by resisting sellers and remains pressured above the $0.00616 high value. In case the bulls’ pressure breaks up the resistance level of $0.00916, the coin price may increase further to a $0.01000 high trend line which indeed will be a turnaround for the coin holders.
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00800, $0.00700, $0.00600
D2T (USD) Long-term Trend: Bullish (4H)
Despite the interference from sellers, the D2TUSD price still trades in the bullish trend market in its higher time frame. Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin.
The sustained bullish pressure pushed the price of Dash 2 Trade up to a $0.00605 high level during yesterday’s session and sustained it till its recent high.
The bulls caused a rise to the $0.00628 high level above the moving averages as the 4-hour chart opens today. This indicates that the traders are actively buying at this level. Hence, should the bulls increase their buying motives, the previous high of $0.00916 value might be retested soon.
Notably, the D2TUSD pair however shows the continuation of bullish sentiment on the daily stochastic as the sellers look exhausted while the price of D2TUSD remains pressure above the $0.00616 high value.
Hence, the downside risk remained uncertain; therefore, the next bulls’ target might be a $0.01000 high level in the days ahead in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
The Dash 2 Trade price also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow.
The bulls’ pressure on the coin to the $0.00606 supply value during the past session has sustained the coin price above the resistance trend levels in its recent price level.
The bulls made an increase to the $0.00628 supply value above the two EMAs shortly after the 1-hour chart opened today. This indicates that the buy investors are actually dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
Additionally, the D2TUSD price is also pointing upwards, this suggests that the coin price may likely continue in an upward direction and head toward the $0.01000 supply trend line in the days ahead in its medium-term time frame.
With stablecoin holdings at 15%, Smart Money is still on the cautious side, probably in preparation for “red September.” When they think we’ve reached the bottom, they’ll be ready to buy.
🔍 Smart Money Insights 🚀— Dash 2 Trade (@dash2_trade) September 13, 2023
📉 September: The Bear's Grip Tightens!
Smart Money remains cautious, with stablecoin holdings around 15%, a move likely in anticipation of "red September." They're preparing to buy when they believe we've bottomed.
In uncertain times, Smart Money… pic.twitter.com/VuabULoMxr
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