Dash 2 Trade Price Prediction for Today, May 22: D2TUSD Price Attempting the Next Upward Rally amid Market Uncertainty
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Dash 2 Trade Price Forecast: D2TUSD Price Attempting the Next Upward Rally Amid Market Uncertainty (May 22)
The D2TUSD pair may bounce off the support line to reach the $0.01000 supply mark amid market uncertainty to maintain stable upside moves. The cryptocurrency is in an attempt for the next upward rally. The coin is moving upward steadily, and if all support levels hold and resistance breaks out of the $0.01009 level, we can see a further change in the coin price to retest the previous high of $0.01904 value and perhaps rise as high as $0.1000 upper resistance trend line and beyond.
Key Levels:
Resistance levels: $0.01700, $0.01800, $0.01900
Support levels: $0.00900, $0.00800, $0.00700
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade is in a bearish trend in its long-term view. Further, the price is trading slightly below the two EMAs; it means that it’s in a bearish market zone at the moment.
The price of D2TUSD has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $0.00945 during yesterday’s session, but it now appears like the bulls are set to take control and drive us upward.
The price responded to the shift in the market structure and is currently below the moving averages at the $0.01009 resistance value as the 4-hourly chart opens today. This shows the high bullish impact on the cryptocurrency
A breakout above the overhead trend line with a 4-hour candle closing will recuperate the bullish momentum and hint at a trend reversal. The potential rally could surge the price of Dash 2 Trade higher by 8-10% to hit the $0.01904 supply mark.
Additionally, the daily stochastic suggests an uptrend. This indicates a bullish continuation to the upside, allowing the bulls to continue the current rally and may soon result in the $0.1000 upper resistance trend line or higher in the long-term forecast.
D2T (USD) Medium-term Trend: Bullish (1H)
The market price of D2TUSD is currently trading in the bullish market zone. The price bar can be seen above the EMA-50 approaching the overhead resistance level. This is due to the gradual returns from the buy traders.
The sustained bullish pressure pushed the currency pair up to the $0.01067 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain in an uptrend in its recent high.
The price of Dash 2 Trade is still moving upwards at the $0.01009 supply value above the EMA-9 despite the sell traders’ movements as the 4-hourly chart opens today. Hence, maintaining above the moving average will actually allow the coin to rise higher, resulting in an intraday gain for the coin buyers.
Also, the market is currently trending upward as shown by the daily stochastic. This indicates that the market value of the D2TUSD will continue to rise. In light of this, it is anticipated that the bulls will swing the coin price upward and may eventually hit the $0.1000 supply value in the following days in its medium-term perspective.
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