Previous analysis indicated expectations of a potential rise towards $0.008. However, Dash 2 Trade bearish pressure intensified around the $0.007 level, hindering the upside momentum and leading to a significant price decline. The price briefly dipped below the $0.0045 support level. Currently, buying pressure has emerged around the $0.0050 level, providing temporary support.
Key Levels to Watch:
- Resistance: $0.015, $0.016, $0.017
- Support: $0.004, $0.0035, $0.003
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
The price is currently exhibiting a recovery trend, approaching the 20-day moving average. While technical indicators suggest a bearish bias, buyers are attempting to establish support around the $0.0055 level. A consolidation phase at this price point is a possible near-term expectation. A sustained hold above $0.0055 could weaken the current bearish signal, potentially leading to renewed upward momentum.
D2T/USD Short-Term Outlook: 1-Hour Chart
The Dash 2 Trade price is currently recovering, approaching the 20-day moving average. Technical indicators suggest a downward trend, but buyers are attempting to establish support around the $0.0055 level. In the near term, a consolidation phase at this price point is a possibility. A sustained break above $0.0055 could weaken the current bearish signal, potentially leading to renewed upward momentum.
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— Dash 2 Trade (@dash2_trade) March 14, 2024
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