Dash 2 Trade price was able to withstand much of the pressure coming from the supply zone. However, as the last daily session was being concluded, the market experienced a more significant bearish move. And this led to a further decline in price to $0.0127. This price decline opens a door of opportunities for investors to buy the crypto at an affordable price to get a good return on investment when the price starts rising.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
Dash 2 Trade: The Indicators’ Perspective
The Bollinger Bands indicator now illustrates the market slightly changing direction to the south. The downward movement of the market is not steep or significant. This is because some traders are already taking advantage of the falling price. D2T bullish activities are cutting short the bear market. This is expected to result in a price rally. According to the RSI indicator, the selling pressure is not too significant as market momentum is measured at 36.
Dash 2 Trade Short-Term Outlook: Buy the Dip (1-Hour Chart)
The bull market is striving to reclaim the key support level. And because some investors are buying again, we can see from the outlook of the latest candlestick on the chart that the struggle between demand and supply intensifies. Bulls are catching up with bears and a price reversal is imminent.
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