Dash 2 Trade (D2T) Bull Market Gains Momentum at $0.01757

Generally across the crypto market, the bears took control; Dash 2 Trade was also affected by this general trend. There is more liquidity in the bear market, which has dragged the bulls along to the downside. However, at the $0.01757 price level, the bearish price was rejected, and the bulls gained momentum to turn the trend around. For now, the market ranges sideways, with the appearance of a slightly higher low. 

 Key Levels

• Resistance: $0.060, $0.065, and $0.070
• Support: $0.018, $0.017, and $0.016

Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View

The Bollinger Bands indicator portrays a reduction in the volatility of the market as the bands converge. The bulls are catching up with the bears, and the price action has come to a point of equilibrium. According to the Relative Strength Index (RSI), the bearish momentum is reducing, as it measures continuously at level 42, illustrating that the market ranges sideways. A strong bullish price breakout may follow this sideways trend. 

D2T/USD Short-Term Outlook: (1-Hour Chart) 

The slight advancement of the market in a bullish way is well portrayed in the 1-hour timeframe. The bull market faced some major price rejections, but on each occasion, it was able to secure slightly higher support levels. This shows that the bulls are catching up. The price is now at the equilibrium level. The bulls will take over from here, and the next stop will be the $0.02 price level.

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