The Dash 2 Trade market is currently caught in a tug-of-war between bulls and bears, with the $0.0030 price level acting as a crucial battleground. After a slight dip from $0.0032, this support zone has held firm against bearish attempts to push prices lower. While a brief surge to $0.0033 materialized on June 30th, it proved temporary, and the market is back at the $0.0030 price threshold again. Right now, the market has become a bit more volatile due to the slight bearish move that was cut short at the threshold of the $0.0030 price level. Now, the bandwidth of the price channel has increased a bit.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.0020, $0.0018, and $0.0017
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
Initially, most price swings occurred above the $0.0031 level, indicating a potential bullish bias. However, in yesterday’s market, the price broke down from the equilibrium level to the edge of the $0.0030 level, suggesting that the bears are beginning to gain the upper hand. This may not last long, as the price has returned to the equilibrium level of $0.00307. The RSI is now at the midpoint of the indicator, with candlesticks showing significant upper and lower shadows.
Historically, this support level has acted as a launch pad for previous bullish trends. Now that the price action is back to this level, the market may be preparing for a significant surge.
D2T/USD Short-Term Outlook: 1-Hour Chart
From this perspective, the Dash 2 Trade market has shown significant bullish strength at the key support level of $0.003. Recently, we have detected repeated bounces from this level, indicating that bullish momentum is building. However, bearish resistance is nearby at $0.00308. The bull market needs to surpass this level to establish a clear upward trajectory.
Dash 2 Trade Monthly Developer Update: (Jun 2024)
Dash 2 Trade Monthly Developer Update: (Jun 2024)
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-Added “Top backtested bots” table to track the best strategies, as well as the ability to set up a bot on the chosen asset in 1 click.… pic.twitter.com/A2t3u47O6k— Dash 2 Trade (@dash2_trade) July 4, 2024
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