On April 11, the price consolidation trend at around $0.0335 reached the climax, and a massive bearish run was triggered. This bear market was later cut short when traders became willing to buy Dash 2 Trade at the $0.022 price level. The market also turned to the upside as a result of this, but a strong bear market was again triggered on April 14, and since then, the market has continued to see lower highs forcing the market further into the territory of the buyers.
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
Some traders are already buying the dip, and currently, the price is around $0.019. Also, a support level is forming at around $0.0186. With the Bollinger Bands indicator still pointing to high volatility, we can expect a sudden change in the market’s trend as long as the support level continues to hold. The bear market may have hit a brick wall, but the Relative Strength Index (RSI) shows the market moving continuously along the edge of oversold territory.
D2T/USD Short-Term Outlook: (1-Hour Chart)
On the 1-hour outlook for the market, aggressive bearish moves have forced the price into oversold territory. This gave the bulls an added advantage to regain control of the market. However, the recovering bull market is facing the $0.0189 resistance level. It is most likely that the resistance will be broken in the next daily session. This is because the support level, which is at $0.0181, has continued to hold since the bull market has taken it as its basis for recovery.
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— Dash 2 Trade (@dash2_trade) April 18, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
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