Dash 2 Trade Price Prediction for Today, January 3: D2TUSD Price Attempting the Next Upward Rally
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Dash 2 Trade Price Forecast: D2TUSD Price Attempting the Next Upward Rally (January 3)
Amid the current indecisiveness in the crypto market, the Dash 2 Trade price entered a new correction phase after reverting from the $0.00493 level. The coin price is in an attempt for the next upward rally. The coin is moving upward, and if all support levels hold and resistance breaks out of the $0.00611 level, we can see a further change in the price to retest the $0.00712 previous high value and perhaps rise as high as the $0.01000 upper resistance level.
Key Levels:
Resistance levels: $0.00700, $0.0080, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade is in a bearish trend in its long-term view. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.00495 value during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward.
The price of Dash 2 Trade responded to the shift in the market structure and is currently below the moving averages at the $0.00504 resistance value as the 4-hourly chart opens today. Further increase in the buying pressure will invalidate any further bearish thesis.
Additionally, the daily stochastic indicates an upward trend. This indicates a bullish continuation to the upside, allowing the bulls to extend the current rally and potentially reach the $0.01000 upper resistance trend line or higher in the long-term forecast.
D2T (USD) Medium-term Trend: Bullish (1H)
Dash 2 Trade market remains bullish on the medium-term outlook. This is clear as we can see the prices trading above the EMA-9.
The sustained bullish pressure pushed the currency pair up to the $0.00499 supply level during yesterday’s session and sustained it. This has made it possible for the coin to remain in an uptrend in its recent high.
Despite the sell traders’ movements, the price of D2TUSD is still moving upwards at the $0.00504 supply value above the EMA-9 as the 1-hourly chart opens today. As a result, staying above the moving average will allow the coin to rise higher, resulting in an intraday gain for coin buyers.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the D2TUSD will continue to rise. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $0.01000 supply value in the next days in its medium-term perspective.
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