Dash 2 Trade Price Predictions for Today, May 25: D2TUSD Price Ready to Rebalance
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Dash 2 Trade Price Forecast: D2TUSD Price Ready to Rebalance (May 25)
Today, the D2TUSD pair is ready to rebalance as the selling pressure may end soon and the coin price could be ready for a strong upward movement. Amid the selling pressure, the coin gave a bullish breakout from the $0.00283 4-hourly session. Meanwhile, the coin price will most likely continue its bullish run and the price could still go higher if the price can break up the $0.00400 value, then the coin price may regain strength and push higher to the $0.01000 upper supply level which is a potential buy signal.
Key Levels:
Resistance levels: $0.00500, $0.00600, $0.00700
Support levels: $0.00350, $0.00300, $0.00250
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade pair portrays a bearish market trend in its long-term outlook. The price regains strength and is currently in green below the moving averages.
Activities from the bears to the $0.00281 low value during the previous action have made the coin price trade below the supply levels lately. This will soon be invalidated as the trend has just resumed its rising pattern ready to rebalance and face the upside.
Today, the price was able to pull back and is taking the $0.00283 resistance near the EMA-50 on the 4-hour chart. Hence more upsides are possible if it breaches the moving averages. This rising price of D2TUSD on the verge of a pennant pattern breakout hints opportunity for buyers to target the $0.00400 resistance point.
Adding to this, the D2TUSD price is regaining its strength back and it’s ready to rebalance as we can see a new corrective move by the bulls at the support levels. With the daily stochastic pointing in an upward direction, the coin suggests an uptrend continuation: in light of this, the bulls’ target might be the $0.01000 upper resistance value in the days ahead on the 4-hourly chart.
D2T (USD) Medium-term Trend: Bearish (1H Chart)
Analyzing the chart below, we can see that D2TUSD is in a bearish market zone. The price currently trades below the EMA-50, confirming its bearish momentum.
The sustained bearish pressure in the past few hours has made the cryptocurrency price remain below the supply trend levels at its recent low.
In the meantime, the coin’s market situation has not stagnated despite the present price, which is $0.00283 support value below the supply trend lines. Moreover, investors can take advantage of this current opportunity to purchase the currency at a discount to pursue future gains.
Based on the outlook, more intraday gains would be recorded for the buy investors if the bulls could exchange hands with the sell traders at the $0.00283 dip level and close above the $0.00330 resistance value.
Hence, the bullish momentum might be triggered and the price may likely increase to break up the $0.00330 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market. The $0.01000 upper high level might be reached in the upcoming days on the medium-term outlook.
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