Dash 2 Trade Price Predictions for Today, May 2: D2TUSD Price Poised for Growth as Buying Pressure Rises
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Dash 2 Trade Price Forecast: D2TUSD Price Poised for Growth as Buying Pressure Rises (May 2)
The D2TUSD price is negotiating the upper resistance level as the coin is currently recovering and also steadily increasing in buying pressure. The price might head to retest its previous swing high of $0.03648 level as the cryptocurrency is facing high pressure from the bulls. Thus, a sharp breakout and closure above the previous high value will invalidate any bearish thesis and the price might hit the high at $0.2000 upper resistance level and beyond.
Key Levels:
Resistance levels: $0.05500, $0.06500, $0.07500
Support levels: $0.03500, $0.03000, $0.02500
D2T (USD) Long-term Trend: Bearish (4H Chart)
Dash 2 Trade price is in a bearish market at the moment. The coin price is currently trading slightly below the moving average lines approaching the resistance trend levels. This is due to the order flow from the short traders.
The coin has been interfering with the sell traders in the previous action and has dropped the price below the supply trend levels in its recent high.
Earlier today the coin buyers responded to the market after a series of low-dips in the previous action and break out from the support trend line to a high at the $0.01845 value below the two EMAs; 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.
This will give room for the buy investors to influence the price tendency. Thus, a break above the $0.03648 high mark would intensify the buying pressure on the cryptocurrency.
The longer the price stays above the mentioned supply level, the more pressure builds up to reach a key significant level at the upside.
Next, the D2TUSD price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and head toward the $0.2000 supply trend lines in the days ahead in its higher time frame.
D2T (USD) Medium-term Trend: Bullish (1H Chart)
The high inflows from the buy traders now made the D2TUSD price trades in the bullish trend zone in its medium-term outlook. The coin price is now strongly trading above the EMA-9 with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
Pressure from the bulls at the $0.01913 high value in the previous action has sustained its upward stability in its recent high.
With sustained buying, the coin price challenged another resistance zone of $0.01845 above the EMA-9, indicating buyers’ attempt to prolong the bullish rally as the 1-hourly chart resumes today.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
In addition, Dash 2 Trade market is likely to grow more as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $0.2000 high value in no long time on the medium-term outlook.
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