Currently, the Dash 2 Trade market is ranging sideways. The price of the market oscillates around the $0.007645 price level and within a narrow price range of $0.0071 and $0.008. Also, the bearish pressure is keeping the price in proximity to the support level, But bullish sentiment is strong around $0.0071, as about three bearish prices have been rejected since June 26.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.007, $0.006, and $0.005.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
In the Relative Strength Index (RSI), the market is in the bearish zone, but it ranges around level 42.12. This shows that Dash 2 Trade bulls are still bullish around the key demand level of $0.0071. Currently, the price is rallying from below the 20-day moving average as bullish sentiment grows from around the key support level.
D2T/USD Short-Term Outlook: 1-Hour Chart
Also, from the 1-hour chart outlook on the market, we discover that the market is changing direction to the upside. In the Bollinger Bands indicator, the price channel is now growing narrow. The price swings are expected to move between the narrow channel of $0.007186 and $0.007473, unless the bull market breaks out of this indecision.
That now seems very possible, as we have begun to observe the bands of the Bollinger indicator contracting ahead of the anticipated bullish breakout.
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