D2T‘s bear market was slowed down due to the presence of bulls in the market. At each decision point since April 27, bullish efforts to regain control have, most of the time, resulted in lower highs. For now, bears have the upper hand, and the market is approaching $0.010. There is a chance that the downtrend will come to an end at this level.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.010, $0.009, and $0.008
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The Bollinger Bands Indicator portrays a down-trending narrow price channel. The D2T downtrend is not a steep one, as, at some point, the market ranges sideways. Over the course of a long period, the consolidation trend tilts in favor of bears. The $0.01 price level is the point at which the uptrend started on February 11. It then hit a high of $0.054 on March 6 before embarking on its long downside journey. The quick price correction to the $0.01 price level after a significant amount of liquidity in the bear market brought the price below the support level in the fifth 4-hour session might be a sign that sellers may not be able to go further.
Dash 2 Trade Short-Term Outlook: 1-Hour Chart
The Bollinger Bands indicator reflects bullish activity. After the consolidation trend around the $0.0111 price level, the market broke out to the downside. It was supposed to be a massive bearish breakout because the volume of trade saw a very significant spike, but the bearish market was cut short at the $0.01 price level. Buyers are not willing to buy at a lower price; therefore, we should expect a rebound.
Don’t miss Dash 2 Trade forthcoming May 24 open beta release!
💻The countdown is on!
🗓️Don't miss out on our upcoming open beta release on May 24th!
📝All eligible beta applicants will gain access to test the exciting features of our free tier.
🚀Sign up now for the #D2T beta experience at https://t.co/ExvBBjKIU6 and be part of the… pic.twitter.com/UEMyyGOyVh
— Dash 2 Trade (@dash2_trade) May 18, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
Leave a Reply