Dash 2 Trade Price Predictions for Today, May 12: D2TUSD to Continue Its Upward Rally, Get Ready for Buy!
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Dash 2 Trade Price Forecast: D2TUSD to Continue Its Upward Rally, Get Ready for Buy! (May 12)
Dash 2 Trade price is currently in favor of the bulls at the moment. The pair will most likely continue its bullish run and the price could still go higher. The coin currently trades at a $0.01503 supply value and is projecting a potential uptrend with the bullish crossover of the 9 and 50-day EMAs. Further increase in the bulls’ pressure may break up the $0.02097 level and this may push the price of the cryptocurrency to the $0.02338 previous high value, thus, we can expect a good upside momentum up to the $0.1000 upper resistance level, accounting for a rise.
Key Levels:
Resistance levels: $0.05000, $0.06000, $0.07000
Support levels: $0.03500, $0.03000, $0.02500
D2T (USD) Long-term Trend: Bullish (4H)
Despite the interference of short-term traders in the price flow, the 4-hourly chart market of Dash 2 Trade shows a bullish race. The price bars can be seen slightly above the moving averages warming up for a strong upward rally.
The bulls attempted to climb above yesterday’s high of $0.01573; nevertheless, the bias remains positive in its recent high.
The coin trading above the two moving averages at the $0.01503 resistance level is an indication of a more bullish impact in the market. D2TUSD is trading in a “Rising Channel”, making higher highs and higher lows, showing signs of bullishness. This will actually enable buyers to influence the price tendency.
Further, the price might continue its upward move as shown by the price indicator which is in an upward direction. If the price is able to break above the $0.02097, then we can expect a price to test its previous swing high and even break above that level to hit the $0.1000 upper resistance value soon in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H)
Here, in the medium-term time frame, the D2TUSD pair is losing a bearish momentum, as can be seen from the chart below that the price is trading in an ascending channel.
Commitment from the bulls to the $0.01573 supply value in the previous action also enhanced the bullish strength in its recent high.
The market value of D2TUSD on the medium-term time frame (1H) at a $0.01503 supply level is seen above the exponential moving averages approaching the upper resistance area.
There is a higher probability of the price reaching the upper resistance as many buy investors are clustered around the market at the moment. A real-time for a potential BUY.
In a like manner, more upsides are likely as the momentum indicator points upwards indicating that the coin price is still in an uptrend. With this trend the market price of Dash 2
Trade may possibly hit the $0.1000 upper resistance trend level and beyond soon in its medium-term outlook.
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