Dash 2 Trade departs from the sideways range-bound market and gains momentum as it establishes a target at the $0.00700 price level. Since the $0.00700 price level represents the initial psychological barrier on the path of the bull market, a slight retracement is witnessed after reaching this level. The price retracement brings the market back to an equilibrium level.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.005, $0.004, and $0.003.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The Dash 2 Trade market’s upward momentum remains intact, as the price retracement has not pushed it beneath the 20-day moving average. Within the Relative Strength Index, the retracement can be attributed to a correction of the market from the overbought zone. The ongoing bullish trend is poised to persist at the present Relative Strength Index level of 57. Buyers are aiming to establish a support level in close proximity to the 20-day moving average region.
D2T/USD Short-Term Outlook: 1-Hour Chart
Analyzing the 1-hour chart, it’s evident that a support level has materialized at $0.00655, positioned beneath the 20-day moving average. Despite a noteworthy volume of trade during the recent 1-hour session, characterized by doji candlesticks, the market seems primed for a bullish upswing. Both demand and supply remain active around the support level, although the market’s momentum is subdued, possibly indicating a potential trend reversal. This could pave the way for bulls to seize control and drive the market in an upward direction.
The D2T platform is adding new updates.
Dash 2 Trade Development Update:
17.08.2023Enhancements to features, login, and security. New tooltips for event candle charts, pair availability API added. Improved on-chain data and login system. Multiple backend improvements.
-Multiple updates to features and log in
-Add… pic.twitter.com/cCNLOFFfMa— Dash 2 Trade (@dash2_trade) August 17, 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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