The Dash 2 Trade market is currently standing between buyers and sellers. This price consolidation trend follows the bullish move that peaked at the $0.0079 price level. The bulls could not sustain the move at the new height, and they needed to fall back to their base to regroup. And as expected, the bull market is now gaining momentum.
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
There is a sudden increase in trading interest, especially in the Dash 2 Trade bull market. However, this bullish performance is slightly better than that of the bears. Because the bulls have been able to launch the market slightly above the 20-day moving average, we consider them to have the upper hand in the market.
However, the bull market has yet to have a significant effect on the upper standard deviation curve of the Bollinger Bands indicator. But according to the Relative Strength Index, the bull market is gaining traction as the market’s momentum is measured above level 50.
D2T/USD Short-Term Outlook: 1-Hour Chart
The Struggle around $0.00747 is about to reach its climax. There is about to be a price breakout at this level, and it is most likely to be in an upward direction. In the previous daily session, there was a mini-bullish price breakout that lacked adequate follow-through from the bulls. The bull market needed to rebound and reattempt to break the $0.007593 resistance from a near-support level. This time around, it is very likely the market will break through the resistance.
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