Dash 2 Trade Price Predictions for Today, February 6: D2TUSD Price Surges above the Resistance Trend Levels
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Dash 2 Trade Price Forecast: D2TUSD Price Surges above the Resistance Trend Levels (February 6)
The D2TUSD pair at the moment is trying hard not to fall by resisting sellers, the coin price now surges above the resistance trend levels at $0.00654. Amid the current relief rally in the market, if the bulls’ pressure breaks up the resistance level of $0.00727, the coin price may increase further to a $0.01000 high trend line which indeed will be a turnaround for the coin holders and the best crypto signal to the coin investors.
Key Levels:
Resistance levels: $0.00600, $0.00700, $0.00800
Support levels: $0.00500, $0.00400, $0.00300
D2T (USD) Long-term Trend: Bullish (4H)
Dash 2 Trade remains in a bullish trend in its long-term outlook. This is clear as we can see the prices trading above the moving average lines indicating an uptrend, this confirms a bullish trend.
The bulls were able to push the coin price up to the $0.00630 resistance value during yesterday’s session and have enhanced the price to stay above the supply trend levels in its recent high.
Amid the current relief rally in the market, the D2TUSD price surges higher to a $0.00654 high level above the moving averages as the 4-hour session resumes today. Should this buying pressure continue, the crypto price might face another supply level extending its current bullish trend.
Further, the rising prices reclaimed more confirmation for a bullish recovery. Hence, staying above the resistance levels indicates a strong possibility for a bullish correction which could lead the coin price to the retest of its previous high at $0.00727.
Notably, the Dash 2 Trade pair however shows the continuation of bullish sentiment as indicated by the momentum indicator pointing in an upward direction on the daily signal. 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)
The medium-term time frame market shows a bullish race. The price of D2TUSD can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
In the past few hours, the bullish pressure at the $0.00653 supply level has sustained the crypto price above the trend levels in its recent high.
The bulls aggressively moved up to the $0.00654 resistance level above the two EMAs shortly after the 1-hourly chart opened today.
Thus, a potential breakout from this trend line could intensify the bullish momentum and may surge the price of Dash 2 Trade above the $0.00715 previous high. This will however give the buy traders the tendency to further ladder up the trend.
However, there is a possibility of a further increase in the price of D2TUSD, if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $0.01000 supply level might be reached soon in its medium-term time frame.
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