The $0.010 price level was formally the bullish last line of defense; the $0.011 price level has been a higher demand line that has kept the D2T bear market pegged around $0.0115. However, bullish exhaustion and low volume of trade may have made the market slide below the $0.01 price level.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.009, $0.008, and $0.007
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The Dash 2 Trade bulls are now catching up with the D2T bears from below the $0.01 price level, and as a result of this, the Bollinger Bands converge because of the building tension. The price action is almost catching up with the 20-day moving average; once it crosses the moving average, the price channel will change direction to an upward movement. The Moving Average Convergence and Divergence (MACD) is also becoming bullishly biased; the faster line has crossed over the slower line in the sell zone and its histograms are now progressive in a bullish way.
D2T/USD Short-Term Outlook: 1-Hour Chart
From the 1-hour point of view, we can see how the D2T bull market gains traction after breaking the $0.0095 resistance level. The significant bullish move is also backed up with an indication of a significant trading volume bar on the chart. This could be regarded as enough confirmation for investors to place long trades as the bullish sentiment is growing in the market.
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— Dash 2 Trade (@dash2_trade) June 5, 2023
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