Dash 2 Trade Price Prediction for Today, July 23: D2TUSD Price Signals for an Upcoming Surge at $0.00525 Price Level
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Dash 2 Trade Price Forecast: D2TUSD Price Signals for an Upcoming Surge at $0.00525 Price Level (July 24)
D2TUSD is about to resume its bullish race. The altcoin will rise soon and there is a possibility for the pair to experience another bullish reversal price action for another upward move potential. If the forces from buyers in the market should increase and the current support level at $0.00525 holds, the coin price may possibly retest the $0.00753 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: Bearish (4H)
The Dash 2 Trade pair is showing a bearish display in its long-term perspective. The price bars can be seen below the moving averages. This is due to the high inflow from the sell traders.
However, there is about to be a turnaround for the D2TUSD buying traders as the crypto market has reached bearish exhaustion.
The bears’ pressure on the crypto at the $0.00557 low value in the past few hours has dropped the price below the supply trend lines in recent times.
In the last few hours, the Dash 2 Trade price has tumbled 18.5% and reached the current trading value of $0.00525 below the two EMAs. Thus, this will soon be invalidated as the market has reached its bearish exhaustion. Meanwhile,
However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. This will reflect an increase in the trend momentum.
Meanwhile, further downsides are unlikely as the market price of D2TUSD has reached the oversold region. The coin will resume an uptrend soon, so we can now grow in confidence that a potential buy is coming near.
In light of this, the price jump could hit the$0.01000 upper resistance level, indicating a strong supply zone for a potential BUY in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
The currency pair is trading below the moving averages, an indication of bearish market sentiment in its medium-term outlook
The sell traders made a downward move to the $0.00538 support level before the end of yesterday’s session. This gave sellers more strength to continue with the trend in its recent low.
Actions from the bears further dropped the price of Dash 2 Trade down to the $0.00525 support level below the two EMAs as the 1-hourly chart resumes today. With this current trend, buyers can pick up the price at a cheaper rate and move the market further up.
Therefore, if the bulls increase their tension in the market, and exchange hands with the short traders at the $0.00525 low value, the price tendency could turn upside and move above the key levels to retest the previous swing high at the $0.00674 value which would intensify more recovery sentiment in the market.
In addition, the momentum indicator shows that the price of D2TUSD has reached the oversold region; hence the price might experience a pullback at the mentioned support and bounce up.
Therefore, we expect the price distribution to reach the $0.01000 supply level and beyond in the coming days in its medium-term-term outlook.
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