Dash 2 Trade Price Predictions for Today, June 5: D2TUSD Price Will Grow Further, Wouldn’t You Invest?
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Dash 2 Trade Price Forecast: D2TUSD Price Will Grow Further, Wouldn’t You Invest? (June 5)
Dash 2 Trade market is growing again, the coin is now making its way towards the overhead resistance trend levels at the moment. The coin price is likely to grow further and an opportunity for long investors. If the current support at $0.01035 value holds, and the 4-hourly chart closes above the $0.01521 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.01562 resistance trend line which might possibly extend to the $0.1000 upper resistance level resulting into an intraday gain for the coin buyers.
Key Levels:
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.01000, $0.00900, $0.00800
D2T (USD) Long-term Trend: Bearish (4H)
As an outcome of low bullish momentum, the D2TUSD trades in a bearish trend in the long-term outlook. The price bar can be seen trading below the two moving averages.
This is due to the high impact from the short-term traders in the price flow. However, the bulls are now set to increase the trend and may likely break up the resistance level soon.
The bearish pressure at the $0.1020 support level in the past few hours has made the coin stayed below the supply trend levels in its recent times.
The coin price at a $0.01056 resistance value below the two moving averages is undeniably bullish as the 4-hourly session opens today. This is an indication that the bulls are returning gradually for an increase in the coin price and to command the Dash 2 Trade’s price actions.
Thus, the coin price will grow further if the buy traders could add more pressure to their buying actions in the market.
Further, the daily stochastic indicates an uptrend, in this case the price of Dash 2 Trade might continue its bullish trend pattern and the price could grow further to reach the $0.1000 supply mark sooner in its long-term outlook.
D2T (USD) Medium-term Trend: Bullish (1H)
The D2TUSD pair is positive in its medium-term time frame, trading in a bullish trend. The price opened lower but managed to trade in green over the past few hours.
The price currently trades above the EMA-9. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in its recent high.
The cryptocurrency has completed his correction and now set for an upward momentum. The bulls have decided to shift the trend up after series of lows shortly after today’s 1-hourly chart opens. An increase to the $0.01056 supply value above the EMA-9 suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Meanwhile, further upsides are likely as the price signal is pointing upwards, this means that the upward rally will still continue and may likely breakup the $0.01250 resistance value and this may reach the $0.1000 supply value soon in the medium-term time frame.
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