Dash 2 Trade Price Predictions for Today, September 23: D2TUSD Possible Reversal at the $0.00250 Support Level
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Dash 2 Trade Price Forecast: D2TUSD Possible Reversal at the $0.00250 Support Level (September 23)
After updating the lows, a possible reversal at the $0.00250 current support is pertinent for the D2TUSD bulls to resume the upward race. A bullish breakout confirmation that closes above the $0.00300 resistance level would indicate that the market is feeling more optimistic. By doing this, buyers will have a stronger footing to extend this recovery. Thus, a post-retest rally could push prices higher and reach the $0.01000 resistance level, indicating high conviction from buyers.
Key Levels:
Resistance levels: $0.00250, $0.00260, $0.00270
Support levels: $0.00150, $0.00100, $0.00050
D2T (USD) Long-term Trend: Bearish (4H)
The momentum on thehigher time frame of D2TUSD is bearish due to the bears’ activities on the crypto.
The coin is trading below the two EMAs, suggesting a bearish trend. However, the current trend will soon be nullified as the market now trades at the oversold region, expecting the bulls to turn up.
The sustained pressure from the sell traders in the previous session has made the crypto price remain below the supply levels at its recent low.
The drop in the price of Dash 2 Trade to the $0.00250 low value as the 4-hour chart commenced today will not affect the market as the price is poised for a possible reversal soon. Hence, traders who buy during a bearish market will make some gains as the price will be purchased at a lower rate.
Also, the current momentum in D2TUSD price may experience a potential reversal at the $0.00250 support if the bulls could change their orientation and step in with high speed, the $0.00300 previous barrier may be retested soon, indicating high conviction from buyers.
Notably, the Dash 2 Trade market is already oversold, suggesting a price reversal at the mentioned support. In the long run, the anticipated bullish surge could break through the $0.00300 high point and reach the $0.01000 upper resistance value in the upcoming days.
D2T (USD) Medium-term Trend: Bearish (1H)
The currency pair is trading in a bearish market in its medium-term outlook due to the high influence of the sell traders.
Sustained pressure from the short traders to a $0.00250 low mark in the previous action has led the D2TUSD price below the supply levels lately.
The coin plummeted beneath the moving averages at the $0.00250 support level as the 1-hour chart resumes today. Nevertheless, traders might seize this opportunity to invest in D2TUSD at a lower rate for more gains.
Thus, if the bulls can put extra effort into the price action the price of Dash 2 Trade could turn positive and break above the $0.00263 supply mark, as a result of this, further selling pressure will be put into hibernation.
Furthermore, the market price of D2TUSD is in the oversold region of the stochastic, indicating that the selling pressure has reached exhaustion, the expected upside move in the price could be high at $0.01000 in the coming days in its medium-term outlook.
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