Dash 2 Trade Price Predictions for Today, April16: D2TUSD Price Will Grow Higher
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Dash 2 Trade Price Forecast: D2TUSD Price Will Grow Higher (April 16)
The Dash 2 Trade (D2TUSD) price will grow higher amidst market volatility which could be an opportunity for long-term investors. Having finished the downward correction, the crypto price gave a massive breakout from the hourly resistance of $0.00399 level. Hence, the coin might likely continue its upside move if the current support at $0.00392 value holds, the 4-hourly chart closes above the $0.00550 resistance level, then there is a high probability of the price going up to its upper resistance level at $0.01000 trend line.
Key Levels:
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.01300, $0.01200, $0.01100
D2T (USD) Long-term Trend: Bullish (4H Chart)
The D2TUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the moving averages. This is an indication of an uptrend.
The bullish reversal at the $0.00392 high value in the previous action has sustained the crypto above the trend line in its recent high.
The journey up north continues as the bulls caused a rise again to the price of Dash 2 Trade to the $0.00399 resistance value above the moving averages-9 as the 4-hourly chart opens today. This indicates more active buy traders in the price flow.
Hence, a strong push by the bulls above the $0.00510 previous accumulation zone will offer strong resistance to the crypto price.
Similarly, there is a possibility of more upsides as indicated by the price signal which is pointing in an upward direction. This may extend the price of Dash 2 Trade to a high at $0.01000 upper resistance value soon in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
The coin is also displaying a bullish posture in its medium-term outlook. The coin price can be seen progressing towards the overhead resistance area. This is due to the high inflow from the long traders.
The increase in the momentum by the bulls at the $0.00398 supply value during yesterday’s session has enabled the Dash 2 Trade price to stay strong above the resistance lines lately.
Today, the long traders swept the bearish momentum under the rug, by pushing the price of D2TUSD to an intra-day high of $0.00399 value above the supply levels. This indicates that buyers remain dominant and have the market price at their disposal at the moment.
Sustaining this level could pave the way for the crypto to aim for a higher resistance at the $0.00401 level, bolstering buyers for a sustainable rally.
In addition, the momentum indicator shows that the price of D2TUSD will grow higher, so we expect the price distribution to reach the $0.01000 supply level and beyond in the coming days in its medium-term outlook.
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