Dash 2 Trade Price Prediction for Today, June 12: D2TUSD Signals for an Upcoming Surge
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Dash 2 Trade Price Forecast: D2TUSD Signals for an Upcoming Surge (June 12)
The Dash 2Trade price is set for another bull race after a long dip dump by the bears. A bullish reversal from the support trend line has set the coin price on a potential 10% rise. In case the buy trader manage to break up the pattern’s resistance trend line at a $0.01562 high value, a possible relief rally may drive the coin market price to the $0.1000 upper resistance mark and beyond, level resulting in intraday gains for the buy traders.
Key Levels:
Resistance levels: $0.01600, $0.01700, $0.01800
Support levels: $0.01000, $0.00900, $0.00800
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 has now resumed its bullish race to the overhead resistance.
The sustained bearish pressure at the $0.00885 support value in the previous action has made the crypto price dropped below the supply levels in its recent times. However, the bulls are now set to further swing up the coin price to its new resistance trend levels.
The bulls made a corrective move to the $0.00835 supply value below the two EMAs as a pullback shortly after the 4-hourly chart opens today. This reversal triggers a bull cycle within the pattern and sets a significant increase to the upper trend line. Thus, a break above $0.01562 would intensify the buying pressure on the crypto.
Adding to this, the daily stochastic also signaled up indicating an uptrend in the oversold region indicating no clear initiation from the sell traders anymore. However, if the bullish momentum persists, the price of D2TUSD might possibly reach the $0.1000 upper resistance value soon in its long-term perspective.
D2T (USD) Medium-term Trend: Bearish (1H)
The high inflows of the sell traders also made the D2TUSD price trades in the bearish trend zone in its medium-term outlook. The price bar can be seen below the moving averages indicating a bearish trend.
The drop in the coin price to the $0.00885 low value by the bears during yesterday’s session has made the price of Dash 2 Trade stay below the supply trend levels in its recent times.
As at the time of writing this article, the coin price trades at the $0.00835 supply mark below the two EMAs as a retracement and a signal for an upcoming surge. However, should the bullish momentum persists, a breakdown above the 50-day EMA could plunge the coin prices 25-30% to hit the upper trend line located near $0.01017.
In addition to this, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. Thus, if the D2TUSD price rises higher, the bulls may re challenge the overhead trend line at the $0.01017 supply value and in this case, the $0.1000 upper resistance trend line might be the target soon in its medium-term forecast.
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