The initial expectation for the Dash 2 Trade market was a surge above the $0.002 price level, which would signal a potential market reversal. However, the bulls were unable to push the market past this key resistance. Previously, the market fluctuated between $0.002 and $0.0025, but the current struggle to break above $0.002 indicates a clear dominance by the bears. Now, the bulls are looking to the $0.0015 price level for support, hoping it might provide the renewed momentum needed to drive the market upward.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.0020, $0.0018, and $0.0017
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
The volume indicator suggests recent excitement in the market, evident from the spike in the histogram levels. Initially, the bulls aimed to capitalize on the market volatility, but they fell short at the $0.002 price level, which has since been overtaken by the bears. As the market approaches the $0.0015 level, there has been notable bullish sentiment attempting to resist further bearish advances. However, the market remains under strong bearish pressure. The bulls must maintain their hold around this support level to potentially trigger a consolidation phase, which could precede a market recovery.
D2T/USD Short-Term Outlook: 1-Hour Chart
From this 1-hour chart perspective, the market has entered a consolidation phase after reaching the $0.0015 price level. This consolidation is likely to be reflected on the 4-hour chart soon. If the bulls can maintain their position at this level and continue to resist bearish momentum, they may eventually exhaust the bears, potentially leading to a breakout. This recovery could see the market rise above the $0.002 price level.
Buy D2T/USD!
🔍 Is Crypto Bot Trading Legal?
In our latest video, we explore how different countries regulate bot trading, and what you need to know before getting started. 🚀
👉 Watch now: https://t.co/Wn4ZuYHQDx pic.twitter.com/CMcbD8RN67
— Dash 2 Trade (@dash2_trade) September 24, 2024
Dash 2 Trade (D2T) is worth exploring. Buy D2T now!
Leave a Reply