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Dash 2 Trade (D2T/USD) Gains Momentum in its Ascent Toward the $0.005 Price Threshold

Johnathon Fox
10/06/2023 | UPDATED ON: 10/06/2023

In late September, D2T/USD witnessed an assertive move by bearish sentiment as prices neared the $0.00400 threshold, shortly before a subsequent bullish surge ensued. The bullish recovery also exhibited vigor, testing the $0.005 price level on the initial day of October, although it proved challenging to maintain that position. Nonetheless, bullish forces have maintained dominance, and the price is currently following a stable path of recovery.

Key Levels

  • Resistance: $0.010, $0.011, and $0.012.
  • Support: $0.005, $0.004, and $0.003.

Dash 2 Trade (D2T/USD) Gains Momentum in its Ascent Toward the $0.005 Price Threshold

Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View

October is showing promise for the D2T/USD bull market, as prices have consistently trended upwards since the month began. This persistent upward trajectory indicates a robust and enduring bullish trend in the market. Both buyers and sellers are actively engaged, contributing to an overall positive sentiment.

While the bullish sentiment appears dominant, a closer examination of recent candlestick patterns reveals a potential scenario of market consolidation around the $0.0047 price level. This is evidenced by a notable decline in trading volume. Additionally, the Relative Strength Index (RSI) is displaying a horizontal movement. Such developments may serve the purpose of establishing a strong support level, essential for the continuation of the prevailing trend.

Dash 2 Trade (D2T/USD) Gains Momentum in its Ascent Toward the $0.005 Price Threshold

D2T/USD Short-Term Outlook: 1-Hour Chart

The Dash 2 Trade market is currently characterized by a competitive interplay between bullish and bearish sentiments, resulting in a measured pace of bullish recovery. Nevertheless, the prevailing dominance of the bulls has allowed the market to maintain its ongoing recovery trend. Despite the active participation of both bulls and bears, surmounting the $0.005 price level presents a potential challenge for the bulls due to elevated levels of volatility.

With Dash 2 Trade, you have access to helpful commentary, tips, and the latest trends and developments in the crypto space.

📆 End-of-month-lookback for Sep 2023 📆

September has rolled in, and it seems the #Bears may have an edge this month in the dynamic #cryptocurrency market. Let’s dissect the developments of September.

🟢 #Bullish News 🟢

1. Chinese Court Ruling

Despite the 2021 Beijing ban… pic.twitter.com/AfX0nbSXPb

— Dash 2 Trade (@dash2_trade) October 5, 2023

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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