Dash 2 Trade Price Predictions for Today, January 23: D2TUSD Price Pullback May Surge above $0.00588 Level
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Dash 2 Trade Price Forecast: D2TUSD Price Pullback May Surge above $0.00588 Level (January 23)
Following a bearish trend earlier, Dash 2 Trade price is likely to increase in strength as we are seeing a bullish correction in place. The coin price pullback may surge above the previous high point of $0.00588 level to signal a pump and this may further extend the price to a $0.01000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance levels: $0.05500, $0.06500, $0.07500
Support levels: $0.04000, $0.03500, $0.03000
D2T (USD) Long-term Trend: Bearish (4H Chart)
The market value of D2TUSD can be seen in a bearish scenario in its long-term outlook. This is due to the interference from sell traders.
However, there is a notable struggle to sustain above the $0.00588 high point as we can see the weakening part of the bears on the asset.
The sustained bearish pressure at the $0.00486 support value in the previous action has made the crypto price drop below the supply levels in its recent low.
Earlier today the coin buyers responded to the market after a series of low-dips in the previous action and broke out from the support trend line to a high at the $0.00450 supply value below the two EMAs; this is an indication that the bulls are returning gradually for an increase in the crypto price and to command the Dash 2 Trade’s price actions.
This will give room for the buy investors to influence the price tendency. Thus, a break above $0.00588 would allow buyers to gather strength for a potential upward movement.
Adding to that, the current correction phase may likely continue as the momentum indicator now points upwards in the oversold region, we can now expect the D2TUSD price to reach a significant level of $0.01000 supply trend line as the bulls continue with their bullish correction and remain dominant in its long-term perspective.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
Dash 2 Trade price is in a bearish market in its medium-term outlook. The pair is currently below the moving average lines.
This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are now set to take us higher to the upper resistance area.
The sustained bearish pressure at the $0.00486 support value during the previous session has made the D2TUSD price drop below the supply levels in its recent price level.
Hence, the current pullback at the $0.00450 resistance mark below the resistance trend lines suggests the return of the buy investors to dominate the market. This indicates that bulls are gradually gaining access to the market and may likely take over sooner.
Thus, a break above the $0.00497 supply mark would intensify the buying pressure on the crypto.
Notably, the momentum indicator also signaled up indicating an uptrend. Buyers are expected to continue with the trend and in this case, the price of Dash 2 Trade might reach the $0.01000 resistance value soon in its medium-term perspective.
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