There was a massive bullish rush in one of the 4-hour sessions of yesterday’s market. The Dash 2 Trade reached a high of $0.008413, but they could not sustain the bear market at that height, and the market fell back below the $0.008 price level.
Both demand and supply appear weak in today’s market, as they both seem to be responsive to each other.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.007, $0.006, and $0.005.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
Due to the high volatility in the market, we might see some erratic price movement as the market continues to range sideways around the $0.008 price level. From the point of view of the indicators, the Dash 2 Trade bulls are still having the upper hand because the market is above the 20-day moving average.
In the Relative Strength Index, the bullish momentum appears to be on the decline. But this, however, could change very quickly. As the volatility is high, there is the possibility that the market will move very erratically along this horizontal price level. Dash 2 Trade Bulls still maintain the demand level in proximity to $0.008, and it may break very soon.
D2T/USD Short-Term Outlook: 1-Hour Chart
In the past two days, investor interest has grown significantly in the Dash 2 Trade market without a significant change in the market level. Traders are very optimistic about breaking the $0.008 price level, even though the bullish price has constantly faced rejection since the previous daily trading session.
The $0.0078 support price level will ensure constant pressure on the resistance level, which will eventually lead to its breaking up.
The Dash 2 Trade platform is coming up with some interesting new features. Stay tuned for this.
9/9
🔮 Teaser alert: We have a few more “surprises” in planning. Let’s just say, our members will be getting served some delectable on-chain metrics. Stay tuned!
Your turn: have you used on-chain data for your trading strategy? Cast your vote!— Dash 2 Trade (@dash2_trade) June 27, 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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