Dash 2 Trade Price Predictions for Today, November 10: D2TUSD Price Aims to Breach the $0.00553 Resistance Level
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Dash 2 Trade Price Forecast: D2TUSD Price Aims to Breach the $0.00553 Resistance Level (November 10)
Dash 2 Trade market is growing again, the coin is now making its way towards the overhead resistance trend levels at the moment. The coin price is likely to grow further and also aims to breach the $0.00553 resistance level if the current support at $0.00474 value holds. Hence, with strong buying pressure and positive market sentiment, the coin price could increase and extend to a $0.01000 upper resistance value and beyond resulting in an intraday gain for the coin traders.
Key Levels:
Resistance levels: $0.00700, $0.00800, $0.00900
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
In the long-term outlook, the D2TUSD pair trades in a bearish trend due to low bullish momentum. One can observe that the price bar is trading below both moving averages. This is due to the high impact of short-term traders on the price flow. However, the bulls are now set to increase the trend and may likely breach the 0.00553 resistance mark soon.
The bearish pressure at the $0.00474 support level in the past few hours has made the coin stay below the supply trend levels in its recent price level.
As new buying appears close to the supply level after the recent correction, the coin is beginning to recover. After making its correction, the altcoin is now poised for growth.
Shortly after the opening of the 4-hour chart for today, the bulls decided to turn the trend upward after a string of lows.
With the positive sentiment, the Dash 2 Trade price rallied up to the $0.00476 resistance value below the moving averages as a pullback and breached the $0.00474 barrier as the 4-hour chart opens today.
Thus, a bullish breakout past the $0.00549 high mark may set eyes on the next resistance level at $0.00553; this will bolster more buying pressure on the crypto to the upper resistance levels.
Notably, the market is now pointing up on the daily stochastic. This means that the bulls may continue with the rally at this crucial moment.
Hence, the bulls are expected to turn around the price of D2TUSD and this might breach the $0.00553 previous high and extend to a $0.01000 high value in the nearby days amidst a market surge in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
Analyzing the chart above, we can clearly see that D2TUSD is in a bullish market zone. The price is trading slightly above the EMA-9. This indicates an uptrend for the coin.
The pair made it to the $0.00474 resistance level during the previous action and has sustained the coin price above the supply trend lines in its recent high.
Right now, Dash 2 Trade is trading above the EMA-9 at the $0.00476 supply level. Considering the strength of the market, this is a sign of upward momentum.
Therefore, a potential breakout from the neckline of $0.00518 will strengthen the buying momentum and drive prices higher, approaching the previous resistance levels of 0.00553.
Meanwhile, the pair has a target price of $0.01000 supply level amidst the market surge as it continues its uptrend movement to the upper resistance as indicated by the daily stochastic pointing upwards. Hence, the mentioned target might be reached in the coming days from a medium-term perspective.
Smart Money Insights: Even though the price action hasn’t been as volatile as it was a few weeks ago, the general sentiment is still positive after another week. In the last two months, we have seen a nearly 40% increase in Bitcoin with little regression.
🚀 Smart Money Insights📊
— Dash 2 Trade (@dash2_trade) November 9, 2023
Another week has passed, and the overall sentiment remains high, even though the price action hasn't been as explosive as a few weeks ago. We're almost 40% up on Bitcoin over the past two months, with minimal retracement.
📈 A significant part of this… pic.twitter.com/GsKqf7tnt4
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