Dash 2 Trade Price Prediction for Today, May 20: D2TUSD Price Remains Pressured above the Supply Levels
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Dash 2 Trade Price Forecast: D2TUSD Price Remains Pressured above the Supply Levels (May 20)
The D2TUSD pair shows potential as the price remains pressured at the $0.00283 barrier line above the supply levels making its way to the top to signal a pump. The coin is now trying to keep its ground by fending off sellers, but if bull pressure breaches the $0.00400 resistance level and momentum continues, the coin price may surge even higher to the $0.01000 high trend line, which would be a huge turnaround for coin holders.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00350, $0.00300, $0.00250
D2T (USD) Long-term Trend: Bullish (4H)
The D2TUSD pair shows potential for a trend reversal with a recent surge above the supply levels, indicating an intact bullish trend in its long-term perspective.
The pressure from long-term traders to a $0.00267 high value in the past session adds to the bullish impact on the market.
The bulls’ control over the market is confirmed by the 4-hourly bullish candle that is located at the $0.00283 supply value above the EMA-9. This breakup could extend the current correction to a higher level and quicken the positive momentum to invalidate any further bearish theory. Because we are currently witnessing a bullish correction, it is more likely that the bulls will continue climbing.
Hence, the bullish pressure would be strengthened if there is a significant break up above the $0.00400 previous resistance level.
In addition, the D2TUSD pair however shows the continuation of bullish sentiment by pointing up on the daily stochastic while the coin price remains pressured above the $0.00267 high value.
As a result, the downside risk remained uncertain. Thus, the next bulls’ target might be the $0.01000 high level in the days ahead in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H)
Unquestionably, the momentum on the medium-term timeframes (1H) is positive. Another clear observation from the chart is the absence of a bearish continuation. Due to low bearish momentum, Dash 2 Trade buyers are hindering the market from smashing through the support zones.
During yesterday’s session, the pair reached and held the $0.00282 resistance level. This has allowed the coin to remain in an extended uptrend in its recent high.
As the one-hour session begins today, the D2TUSD price is unquestionably positive at its high value of $0.00283 above the two EMAs. As a result, purchasers must put in even more effort to predict a positive market rise over the $0.00311 previous high barrier level.
Notably, the Dash 2 Trade price may likely continue in the same bullish trend if the bulls could increase their strength on the asset. In this case, a significant level above the $0.01000 supply trend line might be the target soon in its medium-term time frame.
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