After a brief struggle at the $0.008 price level, D2T bulls lost grip on it. They were forced to secure a near-support level of $0.007139. The bull market is expected to bounce back from here. However, the low trading volume may cause the market to resume a price consolidation trend around the $0.00765 price level.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.007, $0.006, and $0.005.
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
In the Relative Strength Index (RSI), the market appears to have been trapped in the sell zone since early June. Although market sentiment since early June has been indecisive, bulls are gradually losing ground. However, as the Bollinger Bands converge, it is a sign that bears may be losing strength as they have come far enough into the demand zone. The D2T market is more likely to begin moving in a bullish direction than to go further in a bearish direction.
Dash 2 Trade Short-Term Outlook: 1-Hour Chart
In a 1-hour timeframe, we can see that the Dash 2 Trade bull market is gaining momentum. After hitting the $0.007 price level, the market changes direction to the upside. As the bull market recovered, buyers needed to deal with resistance at $0.007439, which they have broken. The price is currently pumping above the 20-day moving average. More traders should invest now.
participate in the poll below, where do you think the cryptomarket finds itself psychologically at the moment?
Nice #poll to vote below, where do you think the #cryptomarket finds itself psychologically at the moment? 😶😰😭😡 pic.twitter.com/fIpueH5lKd
— Dash 2 Trade (@dash2_trade) June 15, 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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