Dash 2 Trade Price Prediction for Today, August 9: D2TUSD Could Experience a Bullish Reversal Soon
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Dash 2 Trade Price Prediction for Today, August 9: D2TUSD Could Experience a Bullish Reversal Soon
The D2TUSD pair could experience a bullish reversal as the current selling pressure is exhausted already. So, the coin price could be ready for a notable increase soon. Such a move could set the stage for a potential climb to the $0.00268 level, and a sustainable rise might even target the $0.01000 upper resistance point, indicating a strong buying momentum without being overbought.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00300, $0.00250, $0.00200
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade is in a bearish market zone in its higher time frame as can be seen from the above chart below. The price is currently trading below the two EMAs. However, the coin is about to witness a notable increase as the market selling pressure seems exhausted.
The sustained bearish pressure in the last session at the $0.00251 support value has made the crypto price remain below supply levels in recent times.
Meanwhile, the current price of D2TUSD at a $0.00250 low value below the supply trend lines has not stale the market condition of the coin. Further, investors may seize the opportunity now buy the coin at a lower price and look for more gains ahead.
Meanwhile, the selling pressure will end soon and a swift increase is expected to follow as further downsides may be unlikely, because the market price of D2TUSD is at the oversold region.
The coin price will now look for an upside reversal to resume an uptrend soon. If this is achieved by the bulls, the next price target might be the $0.01000 resistance value in the days ahead in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
The coin also trades in a bearish trend market in the medium-term outlook, due to the high impact of the short-term traders on the price flow. 
The sell traders made a downward move to the $0.00251 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
The market price of D2TUSD drops further to a $0.00250 low mark below the two moving averages as the 1-hourly session opens today as a result of low bullish momentum. Meanwhile, traders who buy the crypto during a bearish market will also make gains in the future.
Furthermore, the pair is at the oversold region on the daily stochastic, suggesting that the Dash 2 Trade pair could experience a bullish reversal at the $0.00250 current support level.
We will now be looking into the emergence of buyers in the oversold region of the market, leading the breakout rally to hit the 0.01000 supply level soon, suggesting a growing interest and a potentially stronger market for Dash 2 Trade in its medium-term time frame.
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