Dash 2 Trade Price Prediction for Today, August 22: D2TUSD Price Will Jump Soon, Watch out for BUY!

Dash 2 Trade Price Forecast: D2TUSD Price Will Jump Soon, Watch out for BUY! (August 22)
The Dash 2 Trade price can jump soon as the crypto now reaches its bearish exhaustion preparing for the next jump. The selling pressure might end soon as usual and the coin price could be ready for an upward movement soon. If the buy investors could prove stronger and exchange hands with the sell traders at the $0.00665 support value, its upside trip could extend further to rechallenge the previous high of $0.00704 value. Then we can expect a shift in trend to reach a $0.01000 upper resistance level, resulting in intraday gains for the buy traders.

Key Levels:
Resistance levels: $0.01000, $0.01100, $0.01200
Support levels: $0.00700, $0.00600, $0.00500

D2T (USD) Long-term Trend: Bearish (4H)
D2TUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the two EMAs. However, the current trend will soon be nullified as the market now trades in the oversold region.

The sustained bearish pressure at the $0.00668 support value has made the crypto price drop below the supply levels in recent times. However, there is about to be a turnaround for the coin buyers as the selling pressure seems exhausted at the moment.

The drop in the price of Dash 2 Trade to a $0.00665 low value as the 4-hourly chart commenced today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.

Moreover, the seller’s failure to offer a follow-up to the breakdown candle also adds to some weakness in bearish momentum. If buyers stepped into this uncertainty, the coin price may jump up and rise above the $0.00704 previous swing high, leading to greater profits for the coin buyers.

Meanwhile, there is a possibility of a price reversal at the mentioned support level as the market is now pointing downward below the 5% range of the daily stochastic. This means that the selling momentum will end soon and the time to gain more strength by buyers is near.

The next bullish correction phase could reach a high at the $0.01000 upper supply mark in the days ahead as we watch the D2TUSD market turns bullish sooner in its long-term outlook.

D2T (USD) Medium-term Trend: Bullish (1H)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of short-term traders on the price flow.

The sell traders made a downward move to the $0.00668 support level before the end of yesterday’s session. This gave sellers more strength to drop the price of Dash 2 Trade below the supply trend lines in its recent low.

Earlier today, the bulls made an increase to the $0.00667 supply value after which the sell traders intervened and dropped the coin price down to a $0.00665 low value below the two EMAs.

Thus, the coin prices will likely jump soon as the market is oversold already. Meanwhile, traders may use this opportunity to buy the coin at the current trend at a lower rate for future gains.

Additionally, the price of D2TUSD is also at the oversold region of the daily signal, this suggests that the coin price might retrace from the current support at the $0.00665 level and resume its upward rally; this could reach a high at $0.01000 upper supply value in the days ahead in its medium time frame.

The Dash 2 Trade community is optimistic for the coming month on Twitter and Discord. In 20 days, let’s review how everyone did.

The Dash 2 Trade community on Discord and Twitter is bullish for the next month. Let's check back in 20 days how everyone did. 🐂 >🐻 https://t.co/QIIuiKk9LV pic.twitter.com/62vJFvqgQn

— Dash 2 Trade (@dash2_trade) August 11, 2023

Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.