Dash 2 Trade Price Prediction for Today, October 10: D2TUSD Bearish Correction Will End Soon
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Dash 2 Trade Price Forecast: D2TUSD Bearish Correction Will End Soon (October 10)
There is a possibility for the D2TUSD bearish correction to end soon and the pair could see another bullish reversal price action for another upward move potential. If buyers could increase their forces in the market and wrestle with the bears at the current support level of $0.00483, the coin price may possibly turn positive to retest the $0.00632 previous swing high and this may extend to the $0.01000 upper high mark and beyond.
Key Levels:
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00600, $0.00500, $0.00400
D2T (USD) Long-term Trend: Bullish (4H)
The Dash 2 Trade price is in a bullish scenario in its long-term chart. Further, the price is trading above the EMA-9; it means that it’s in a bullish market zone at the moment.
The price increase to the $0.00482 high value during the previous action has made the coin price trade above the supply levels in its recent high.
The drop in the price of D2TUSD to the $0.00483 low value as the 4-hour chart commenced today has no serious effect on the market as the price remains in an uptrend.
If buyers could add more strength to their buying motives and step into this uncertainty, the bearish correction at the $0.00483 support value will be put on hold and the coin price may rise above the $0.00632 previous high.
In continuation, the market price of Dash 2 Trade is around the oversold region of the stochastic, this means that the bearish correction will soon be exhausted, the expected upside move in the price could be high at $0.01000, swing high in the coming days in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H)
The Dash 2 Trade price is in a bullish momentum in the medium-term outlook. The price is above the EMA-9, indicating a bullish trend. This is due to an unrelenting and highly bullish impact on the coin.
The bullish pressure on the crypto market at the $0.00482 supply value below the moving averages in the previous action has retained the coin price in the bullish trend in recent times.
Today, the bulls are trying hard to remain above the $0.00507 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.00483 to invalidate the bearish theory.
Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong breakup above the $0.00507 resistance point would strengthen the bullish pressure.
In addition to that, if the long traders could push harder and exchange hands with the buy traders at the mentioned support, the price of Dash 2 Trade could break above the $0.00507 supply mark, which may expose the coin price to a $0.01000 high mark in the days to come in its medium-term outlook.
Smart Money Insights: A green monthly Bitcoin candle that deviated from tradition in September. However, the market looks for more potent drivers of long-term confidence.
🔍 Smart Money Insights🚀
— Dash 2 Trade (@dash2_trade) October 4, 2023
September broke tradition with a green monthly Bitcoin candle. The market, though, seeks stronger catalysts for sustained confidence.
📊 Smart Money Stablecoin holdings: Slightly down to 14.6%, from a summer low of 12-13%.
🔄 Stablecoin exchange flow:… pic.twitter.com/ZuvBJST7E3
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