Dash 2 Trade Price Predictions for Today, May 9: D2TUSD Price Rises above the $0.01156 Supply Level
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Dash 2 Trade Price Forecast: D2TUSD Prices Rise above the $0.01156 Supply Level (May 9)
The D2TUSD pair at the moment is trying hard not to fall by resisting sellers; the coin price now rises above the resistance trend levels. In case the bulls’ pressure breaks up the resistance level of $0.02338, the coin price may increase further to a $0.1000 high trend line which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance levels: $0.05500, $0.06500, $0.07500
Support levels: $0.03500, $0.03000, $0.02500
D2T (USD) Long-term Trend: Bullish (4H Chart)
Dash 2 Trade turns positive again today. The momentum on the higher timeframe (4H) is bullish. Further, the market price can be seen above the EMA-9 approaching the overhead resistance level. So it seems likely that the bulls are about to take over and push us higher.
The bulls were able to push the cryptocurrency up to the $0.01154 resistance value during yesterday’s session and have enhanced the price to stay in green ready for an upward performance in its recent high.
The coin price finds reliable resistance at around the $0.01237 level above the EMA-9 as the 4-hourly chart opens today, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction.
The pair however shows the continuation of bullish sentiment. After testing the lows of $0.01135 in the previous action, sellers look exhausted while the price of D2TUSD remains above the $0.01156 previous value as the price continues to sustain an upward move as indicated by the momentum indicator. But the downside risk remained uncertain. Thus, the next bulls’ target might be the $0.1000 high level in the days ahead in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
Despite the interference of short-term traders in the price flow, 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 previous session, the coin price was ranging below the two EMAs but additional buying pressure pushed the price above the critical level from the $0.01229 value to the $0.01237 resistance level above the moving averages as the 1-hourly session begins today.
This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers’ participation is a prerequisite.
However, there is a possibility of a further increase in the price of Dash 2 Trade, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $0.1000 supply level might be reached soon in its medium-term time frame.
Looking for a competitive advantage in the cryptocurrency markets? D2T will take care of you!
Looking for an edge in the #Cryptomarkets? #D2T has got you covered! Our platform offers a range of unique indicators, bots, and tools to help you source your next winning #Trade 📈💰
— Dash 2 Trade (@dash2_trade) May 8, 2023
Get your $D2T token now – https://t.co/J5q9iuWuAu🚀 pic.twitter.com/SNGTXytBAm
Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.