The bulls in the D2T market are doing very well to reduce or slow down the declining price due to the activities of the bears. Selling pressure will eventually be relieved in this manner. In the previous daily session, the supply line shifted to $0.0123; this, in turn, forced the demand line also to shift to $0.0109. Currently, the price is moving between $0.019 and $0.0123 price levels.
Key Levels
- Resistance: $0.019, $0.020, and $0.025
- Support: $0.010, $0.076, $0.005
D2T is a Profitable Deal: The Indicators’ Point of View
The Relative Strength Indicator (RSI) line is now measuring momentum at the threshold of the oversold region. Although the selling pressure has increased, the D2T buyers keep a firm grip on their position in the market. Also according to the Moving Average Convergence and Divergence (MACD), the bull market is not far away from recovering its price. The negative histograms have turned faded red, and they are moving toward level zero. They will soon cross over to the positive side.
D2T/USD Short-Term Outlook: Buy Dash 2 Trade Now (1-Hour Chart)
The bull market is taking the first step in the recovery of the price as they have made the price action catch up with the 20-day moving average. Also, from this point of view on the market, the RSI indicator is showing us that the selling pressure is reducing. The RSI line measures the selling pressure at level 42. The price is approaching equilibrium.
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