D2T/USD shows signs of a potential breakout as selling pressure appears to be waning. This could lead to a significant upswing. The coin maintains its position above the key 20-day moving average, upholding an upward trajectory. The decline in bearish sentiment is contributing to the positive price movement. However, reaching the $0.007 resistance level has introduced some tension in the market.
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 D2T/USD market experienced significant volatility as it approached the crucial $0.007 support level. This volatility forced the bulls to relinquish their position above this price point. However, they effectively defended the upward trend by establishing their position above the 20-day moving average. This suggests continued bullish dominance despite the recent price swings. However, from the observation of the recent trading session, there has been a decline in the level of market volatility. As volatility subsides, market consolidation around $0.007 becomes a distinct possibility.
Dash 2 Trade Short-Term Outlook: 1-Hour Chart
A 1-hour chart analysis suggests a potential consolidation phase around $0.007, with some price movement dipping slightly below. The Bollinger Bands indicator is starting to converge, further supporting this consolidation expectation. This typically precedes a decisive price movement in either direction.
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