Dash 2 Trade Price Prediction for Today, December 5: D2TUSD Holds Strong above the $0.00472 Supply Level
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Dash 2 Trade Price Forecast: D2TUSD Holds Strong above the $0.00472 Supply Level (December 5)
D2TUSD is making positive moves and looks promising today. The coin at the moment holds strong above the $0.00472 supply level offering traders attractive opportunities for long positions. If the coin price could sustain above the pattern supply trend line at $0.00501, the coin price may trigger up to the overhead resistance mark at the $0.01000 level, thus a clear buy signal.
Key Levels:
Resistance levels: $0.00900, $0.01000, $0.01100
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bullish (4H)
D2TUSD remains bullish on the higher time frames. This is clear as we can see the prices trading strongly above the moving average lines indicating an uptrend. A sentiment of recovery continuation has spread across the market.
The previous action at the $0.00452 high level has sustained the coin price to remain and hold strong above the supply trend lines in its recent high.
Amid the positive sentiment, the Dash 2 Trade pair increases significantly to a $0.00477 high mark above the two EMAs as the 4-hour session opens today indicating a potential growth as bullish momentum strengthens.
In case the bulls try to increase their pressure, the resistance level of $0.00501 may be tested which may be broken upside down further and increase the price to the $0.00800 supply value and beyond.
Additionally, trading above the moving averages will enable the market value of Dash 2 Trade to keep pushing up. With the daily stochastic indicating an upward trend, if the bulls should add more aggression to their activities in the market, the $0.01000 resistance level might be reached soon in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
In the medium term, the D2TUSD pair remains in the bullish market zone. The price holding and staying above the supply trend levels confirms its bullishness and the bulls’ strong influence on the crypto.
The coin has been making higher highs and lower lows in previous actions, allowing the price to maintain an uptrend in its recent high.
The market price of Dash 2 Trade is currently trading at the $0.00477 supply level above the moving average lines. This means that the bulls are in control of the market at the moment.
As a result, if the bulls can exert additional effort in the price action and break above the $0.00501 supply level, further selling pressure will be put on hold, and the bullish momentum will be strengthened.
Notably, the coin price suggests an upward move continuation by pointing up the daily stochastic. Hence, the next bullish correction phase could reach a high at the $0.01000 upper supply mark in the days ahead as we watch the Dash 2 Trade market turn strongly bullish sooner in its medium-term outlook.
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— Dash 2 Trade (@dash2_trade) December 4, 2023
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