Dash 2 Trade Price Prediction for Today, May 1: D2TUSD Price Will Jump Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Will Jump Soon (May 1)
The market price of D2TUSD will jump soon. The coin selling pressure has reached the exhausting stage which will enable the bulls to emerge shortly and push the crypto higher. However, suppose buyers could wrestle trend control with the sell traders at the $0.00375 current support level. In that case, the coin price might jump upside to retest the $0.00417 resistance value which may lead to the $0.01000 upper high level, resulting in a high potential recThe market price of D2TUSD will jump soon. The coin-selling pressure has reached the exhausting stage which will enable the bulls to emerge soon.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00350, $0.00300, $0.00250
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade is bearish on the higher time frame. Meanwhile, the crypto may soon jump as the price action trades at the oversold region. It looks like the price will want to bounce up soon again.
The bears’ action on the coin market to a $0.00379 low level in the previous session has dropped the price below the supply lines lately.
Further drop to the $0.00375 support level below the moving averages is as a result of low bullish momentum. Hence, the D2TUSD price might start reversing from the mentioned support if all the current support holds. Meanwhile, traders could buy the coin now at a lower rate for more gains ahead.
Notably, further downsides are unlikely as the market price of Dash 2 Trade has reached a bearish exhaustion on the daily signal. Therefore, 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 resistance level in the coming days, indicating a strong supply zone for a potential BUY in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H)
The coin also trades in a bearish trend market in the medium-term outlook. This is due to the high impact of the short-term traders on the price flow.
The market price of Dash 2 Trade has been slowed down due to the interaction from the bears to the $0.00379 support level in the previous action.
Today, action from the sell traders further dropped the coin price to a $0.00375 low value below the supply trend levels as the 1-hour chart opens today.
With the overall market trend still bearish, the D2TUSD price is likely to plunge higher and retest the high accumulation zone of $0.00402 if the selling pressure is restricted.
In addition, the market is oversold already, at this point the crypto may experience a trend reversal and in this case, the uptick trend might reach the $0.01000 upper high mark in the coming days in its medium-term outlook.
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