Dash 2 Trade Price Predictions for Today, September 5: D2TUSD Price Will Rise Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Will Rise Soon (September 5)
The D2TUSD price selling pressure may possibly end and account for a rise soon as usual. If the long investors could prove stronger up the more, the coin price might turn upsides to a $0.01197 high mark and its upsides could extend further to the $0.10000 upper high mark and beyond. Hence, a great opportunity and a clear buy signal for long-term investors.
Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00800, $0.00700, $0.00600
D2T (USD) Long-term Trend: Bearish (4H Chart)
As an outcome of low volume from the long traders, the D2TUSD pair is in a bearish trend on the 4-hour chart. Pressure from the short traders to a $0.00673 low level in the last session has contributed to its bearishness in its recent low.
Today, the bulls are trying hard to remain above the $0.01197 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.00642 to invalidate the bearish theory.
Thus, the anticipated bullish reversal could kick-start a new recovery cycle and may push the price above the $0.01197 price level.
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Notably, the price of Dash 2 Trade is below the 10% range of the daily stochastic, this means that the selling momentum will end soon and time rise and gain more strength by the long traders is near.
If this is attained by the coin buyers, the next bullish correction phase could reach a high at the $0.10000 upper supply mark in the days ahead as we watch the Dash 2 Trade market turn bullish sooner in its long-term outlook. Therefore traders should get ready for a time to buy the coin as the market turns to a bullish scene very soon.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
At the time of writing this article, the D2TUSD pair is in a bearish movement zone in its medium-term outlook. The price bar can be seen below the supply trend levels.
This is due to the brief interference from the sell traders. However, the price is gathering momentum and has decided to face the upsides to achieve more gains.
Just a few minutes after the opening of the 1-hour chart, buyers made a corrective move to a $0.00648 supply value to resume its uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
A strong push by the long traders above the $0.00799 previous high point with a 1-hour candle closing could signify a shift in the market dynamics.
Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price of Dash 2 Trade toward the $0.01197 mark.
In addition to that, the pair is pointing upwards at around the 5% range of the daily stochastic. It indicates that the D2TUSD price is now in the oversold region of the market. It implies that the selling pressure has ended.
We will now be looking into the emergence of buyers in the oversold region of the market. This crossover could encourage the breakout rally to hit the $0.10000 supply level soon in its medium-term time frame.
In the erratic world of cryptocurrencies, another month has come and gone. As always, there are both highs and lows, successes and failures.
📆 End-of-month look-back 📆
— Dash 2 Trade (@dash2_trade) September 4, 2023
Another month has passed by in the volatile world of cryptocurrency. As usual, it's a mix of highs and lows, victories and setbacks. Let’s look at what happened in August and see what the Bulls and Bears brought to the arena. As usual, we start with… pic.twitter.com/tEdfgcX2S9
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