Dash 2 Trade Price Predictions for Today, May 16: D2TUSD Price Might Possibly Retest the $0.02338 Supply Level Soon
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Dash 2 Trade Price Forecast: D2TUSD Price Might Possibly Retest the $0.02338 Supply Level Soon (May 16)
There is a possibility that Dash 2 Trade price might finish the bearish movement and start reversing soon. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the coin price to retest the $0.02338 previous high. The $0.02338 breakout could push the prices higher to hit the $0.1000 upper supply level and beyond which indeed would be a great turnaround for the coin buyers.
Key Levels:
Resistance levels: $0.03500, $0.04500, $0.05500
Support levels: $0.02500, $0.01500, $0.01000
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow. Further, the price action can be seen below the two moving averages.
Thus, the current trend will soon end as the buy traders are preparing for the next bullish trend, a breakup is imminent.
The price drop to the $0.01150 low value during the previous action has made the coin price trade below the supply levels in its recent low.
The market price continues on a bearish note as the bears dropped the price down to a $0.01140 low level below the two EMAs as the 4-hourly chart resumes today. However, price reversal at the mentioned current support level is more likely; traders can buy the crypto at a low price with this current trend and move the market price of D2TUSD upwards.
Additionally, a rise in the upcoming rally and breakout above the $0.02338 high value may turn around the market price of Dash 2 Trade and the recovery pattern might reach a $0.1000 supply trend line in the days ahead in its higher time frame.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
The currency pair is showing a bearish sentiment on the lower time frame. The price actions can be seen below the moving averages. This confirms its bearish trend.
The high order flow from the bears at the $0.01150 support value during yesterday’s session also added to this bearishness in its recent low.
After a series of sideway moves, the inflows from the bears dropped the price of the Dash 2 Trade pair down to a low at $0.01140 level below the two EMAs. Thus, buy investors can buy the coin at a lower price at the moment and move the price of the crypto further upward. This will reflect an increase in the trend momentum.
Adding to that, the market price of D2TUSD is now below the 3% range of the daily stochastic, this means that the selling pressure will soon be exhausted and a further rise in the market price of the crypto is possible.
Hence, if the buy traders can trigger their buying pressure and break up the $0.01573 level. The price might possibly reach a $0.02338 supply trend mark which might further extend the coin price to the $0.1000 upper high value in the following days in its medium-term outlook.
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