Dash 2 Trade Price Prediction for Today, February 23: D2TUSD Price Retracement May Surge above the $0.01232 Resistance Level
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Dash 2 Trade Price Forecast: D2TUSD Price Retracement May Surge above the $0.01232 Resistance Level (February 23)
The D2TUSD price will most likely reverse and pull back to resistance after updating lows and the price retracement may surge above the $0.01232 resistance level. If the price makes a retest at a $0.01232 high mark, then the price may jump up to hit the $0.02000 trend line and beyond, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade price is bearish on the higher time frame. This is due to the high impact of sellers. The high order flow from the bears during yesterday’s session also added to this bearishness.
The bears made a drop in the D2TUSD price to a $0.00677 low value below the moving averages as the 4-hour chart resumes today. Investors who buy at this level can expect sustained growth above the $0.01232 price level.
A retest of the dynamic resistance trend line at the previous high of $0.01232 could refuel the bullish momentum in the D2TUSD price and render any bearish correction invalid.
Meanwhile, the coin is pointing up on the daily stochastic, this means that a further bearish trend is uncertain. It is expected that the Dash 2 Trade price to retrace from the $0.00677 low level to a higher resistance mark as the coin market is oversold already. We now expect the crypto’s price to reach the $0.02000 high mark in the coming days.
D2T (USD) Medium-term Trend: Bearish (1H)
The coin price still trades in a bearish market in its medium-term perspective. Sellers acted bravely during yesterday’s session by dumping the price of Dash 2 Trade to a $0.00667 low value below the moving averages, this has made the coin price drop below the supply levels in its recent low.
Actions from the bears dropped the coin price to a $0.00677 support level beneath the supply levels as the 1-hour chart resumes today. Nevertheless, traders might seize this opportunity to invest in the coin now at a cheaper rate.
With the overall market trend still bearish, the D2TUSD price is likely to retrace higher and retest the high accumulation zone of $0.01266 level soon.
Thus, if the buyers eventually wrestled trend control from sellers and rebound from $0.00677 support, a breakout above the trend line is needed to confirm the potential Bull Run. If this is achieved by the bulls, the price retracement may surge above the $0.01232 high level in the days ahead in its medium-term outlook.
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