The recent bullish price movement faced significant resistance at the $0.009 price level, prompting the Dash 2 Trade market to reevaluate its strategy at the key support level. This retracement has notably reinforced the $0.0065 support level, suggesting that bearish pressures may be contained below this threshold. Consequently, we anticipate a potential rally in price from this point on.
Key Levels
- Resistance: $0.015, $0.016, and $0.017.
- Support: $0.004, $0.0035, and $0.003.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
Through the analysis of the Bollinger Bands, it’s evident that bearish momentum has been predominant since the price descended below the 20-day moving average on January 27. This one-sided movement indicates a robust bearish trend, corroborated by the Relative Strength Index (RSI) line consistently oscillating below the 50-level. With the Dash 2 Trade price now reaching a critical support level and failing to breach it, the market’s probable direction is upwards. Consequently, investors should prepare to capitalize on this anticipated upward movement.
D2T/USD Short-Term Outlook: 1-Hour Chart
Upon examination of the Bollinger Bands, there remains a subtle inclination towards the downside. However, a closer analysis reveals the price closely aligning with the 20-day moving average. This suggests that the price might not breach this support level. Consequently, a potential rally is anticipated, with the $0.0100 price level emerging as the next likely target.
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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