Dash 2 Trade Price Predictions for Today, May 11: D2TUSD Attempting the Next Major Increase
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Dash 2 Trade Price Forecast: D2TUSD Attempting the Next Major Increase (May 11)
After a few hours of doldrums and mundane trading, D2TUSD is breaking out, attempting the next major increase and hinting at a sudden crypto recovery to start today’s trading. Based on the outlook, the path which is trending upwards gradually might reach the $0.00402 high level and further extend to the $0.01000 upper high level if the bulls could increase their buying strength. Thus, enabling buyers to sustain high prices.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00250, $0.00200, $0.00150
D2T (USD) Long-term Trend: Bearish (4H)
Dash 2 Trade price shows signs of an upward retracement following the completion of the downward moves in its long-term outlook. The price bar can be seen slightly below the moving average lines rising steadily towards the resistance levels and has confirmed its bearishness.
The interference of short-term traders to the $0.00282 support level in the previous action has contributed to its bearish momentum lately.
Today, the bulls made a pullback at the $0.00310 value which further increases to the $0.00314 supply value below the two EMAs as a correction phase with intraday gains.
Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher to a major increase.
Further, the D2TUSD price could increase more to retest the $0.00402 previous high point soon, if the bulls can redouble their purchasing power.
In addition, Dash 2 Trade is showing more upside possibilities by indicating an uptrend on the daily signal. Then, we can expect more strength from the coin and this may likely get to a $0.01000 upper resistance mark in the coming days in its long-term outlook.
D2T (USD) Medium-term Trend: Bearish (1H)
D2TUSD is now finding its way to the overhead resistance level after its sideway moves in its medium-term time frame. The market price is below the moving averages which have confirmed its bearishness.
The market has been slowed down due to the interaction from the bears to the $0.00310 support level in the previous action.
The price of Dash 2 Trade which now trades at the $0.00314 supply mark below the two EMAs is an indication that the bulls are actively buying the coin at the moment. This will eventually make the coin gain more strength and push higher.
Hence, should the buying pressure persist, and the bulls can close the hourly chart above the $0.00369 previous high mark, the ongoing recovery could lead the crypto price to remain stable at the upside and stop any further bearish moves.
More upsides are certain as the price indicator shows that the price of Dash 2 Trade is in an uptrend. It is expected that the coin hit $0.01000 at the high side soon as the market price continues its up-north journey in its medium-term outlook.
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— Dash 2 Trade (@dash2_trade) May 8, 2024
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