Dash 2 Trade (D2T) Is on the Rise Again

D2T bulls were able to peg the bear market of last week at around the $0.017 price level for a couple of days. The standoff between buyers and sellers continues to grow in intensity as the price consolidation trend reaches its climax. The struggle between the bulls and bears makes the support and resistance levels come closer to each other, thereby narrowing the price channel. Today’s trading session, however, opens with a breakout of the market to the upside. The bulls are beginning to regain their ground in the market.

Key Levels

• Resistance: $0.060, $0.065, and $0.070
• Support: $0.017, $0.016, and $0.015

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

As the market breakout to the upside, the Bollinger Bands indicator portrays its two standard deviations as divergent to indicate an increase in liquidity. The liquidity increment was initially in the bull market, but now, it seems like the bears are catching up. Within the last four-hour session, the bulls propelled the price to a height of $0.0235, but this bullish price was cut short to $0.02068. The Relative Strength Index (RSI) indicator portrays this as its line recoils to level 61.99. The market, however, is still in the buy zone.

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

From a 1-hour chart standpoint, we can see that it is likely the market will bounce back from the $0.020 price level because traders take it as a psychological level. The first target may be the recent high of today’s trading session, which is the $0.0235 price level. Also, the Bollinger Bands indicator now illustrates the uptrending price channel, though with a wide distance between the two standard deviations.

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⚡️Today in #Crypto – 24th April

📰1/ $BUSD Drives 19% Slump in #Stablecoin Transfer Volumes
✔️#Stablecoin transfer volumes have dipped in the past week, declining 19.2% in the seven days to Sunday.
✔️The data, from Dune, reveals that $BUSD has led the fall in volume.
✔️The… pic.twitter.com/q7PF4vYuUC

— Dash 2 Trade (@dash2_trade) April 24, 2023

Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!