Dash 2 Trade Price Predictions for Today, May 10: D2TUSD Price Attempting to make a Baseline at $0.00354 High Mark
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Dash 2 Trade Price Forecast: D2TUSD Price Attempting to make a Baseline at $0.00354 High Mark (May 10)
D2TUSD is attempting to make a baseline at the current resistance level of $0.00354 after a constructive pullback. The coin price points to a higher potential for buyers to lead an extended recovery trend. Thus, a sharp breakout and closure above the $0.00402 previous high value will invalidate any bearish thesis and the price might extend further to hit the high at the $0.01000 upper resistance level, establishing a robust accumulation zone for coin buyers.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00300, $0.00200, $0.00100
D2T (USD) Long-term Trend: Bearish (4H)
The Dash 2 Trade price is in a bearish movement at present. This is due to the order flow by the short traders. The coin price is currently trading slightly below the moving average lines.
The interference of short-term traders to a $0.00339 low level in the previous action has contributed to its bearish momentum lately.
Earlier today, the commitment from bulls now retraced the price of D2TUSD from the mentioned support to a $0.00354 high mark as the 4-hourly session opened with intraday gains.
This indicates that buyers are defending this level and attempting to make a baseline to push the price higher. Hence, a strong push-up above the $0.00402 supply level will offer a very strong resistance to the crypto price.
Additionally, the coin market will rise further as shown by the price indicator which is pointing upwards, if the buy traders should increase their price actions, and bullish momentum is sustained above the $0.00402 high mark, the Dash 2 Trade price may likely pump up to a significant level at a $0.01000 resistance mark and beyond in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H)
D2TUSD rebounded after its downside moves. The coin is now finding its way to the overhead resistance level in its medium-term time frame. The market shows that the price may now be trading in a new ascending channel.
The bulls have sustained the crypto market at the $0.00352 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger in its recent high.
An increase to the $0.00345 high value above the EMA-9 shortly after the 1-hourly chart opens today, indicates that the buy investors are dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Notably, the Dash 2 Trade price is also pointing upwards, this suggests that the coin price may likely continue in an upward direction and head toward the $0.01000 supply trend line in the days ahead in its higher time frame.
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