Dash 2 Trade Price Prediction for Today, June 7: D2TUSD Price to Revisit the $0.01562 at the Upside Soon
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Dash 2 Trade Price Forecast: D2TUSD Price to Revisit the $0.01562 at the Upside Soon (June 7)
There is a possibility for the D2TUSD pair to experience a bullish pattern breakout action and price could be ready very soon for another upward move potential. If the forces from buyers in the market should increase and the current support level at $0.00947 holds, the coin price may possibly retest the $0.01562 previous high which might possibly extend to the $0.1000 upper supply mark and beyond. Hence, resulting into a great turnaround and a clear buy signal for the coin buyers.
Key Levels:
Resistance levels: $0.01400, $0.01500, $0.01600
Support levels: $0.00950, $0.00900, $0.08500
D2T (USD) Long-term Trend: Bearish (4H)
D2TUSD is in a bearish market zone in its long-term perspective. As an outcome of low bullish momentum, the coin prices are seen trading below the moving averages, indicating a bearish trend. However, there is about to be a turnaround for the coin buyers as the pair has just resumed its bullish moves but yet to reach its goal.
In the previous actions the coin has been having high interference from sellers which really made the price stay below the supply trend level in its recent times.
Earlier today the coin buyers responded to the market after series of low-dips at the $0.00947 support value below the two EMAs and made a correction to the $0.00950 high level below the two EMAs; this is an indication that the bulls are returning gradually for an increase in the coin 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 the $0.01562 resistance mark would intensify the buying pressure on the cryptocurrency.
Meanwhile, the Dash 2 Trade price is in an upward direction below the 20% range of the daily stochastic, this will compel the bulls to increase the bullish trend pattern and with this upcoming bullish trend the price may jump up to revisit the $0.01562 previous high level soon and could possibly lead the coin price to the $0.1000 upper resistance value in the coming days in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
The price of D2TUSD is in a bearish move in its medium-term outlook. The prices are seen slightly below the moving averages, this is due to the brief returns of sellers which may soon fade off.
The bearish pressure at the $0.01947 support level in the past few hours has made the coin stayed below the supply trend levels in its recent times.
Commitment from the bulls now retraced the price of Dash 2 Trade from the mentioned support to a $0.00950 high mark below the moving averages as the 1-hourly session resumes today; this assures or confirms the bull’s gradual return to the market.
The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Hence, the current correction phase may likely continue as the momentum indicator now points in an upward direction in the oversold region of the daily stochastic. This will compel the buy traders to further increase the buying pressure and this time around the bulls may likely revisit the $0.01202 to hit the $0.01562 previous supply level which might possibly reach the $0.1000 upper resistance value in the days ahead in its medium-term outlook.
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