In our previous analysis, we highlighted how the $0.003 price level served as the foundation for a significant price surge. This level played a critical role in stabilizing the bearish market. Once the Dash 2 Trade market stabilized at this level, traders began to buy in substantial quantities, causing the price to rise rapidly to $0.0035 within a short period. This swift increase led to a quick exhaustion of the bull run, prompting the market to establish a higher stable price level in preparation for another potential bullish run.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.0020, $0.0018, and $0.0017
Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View
The recent bullish run has led to increased market volatility, as evidenced by the behavior of the Bollinger Bands, which are displaying a broad bandwidth. With the Dash 2 Trade market establishing a higher support level above $0.0032, the 20-day moving average indicates an uptrend in market dynamics. The last candlestick on the chart, resembling a plus-sign doji, signals bullish interest around the $0.0032 price level. This market activity in recent trading sessions suggests that the bearish trend may be weakening and is unlikely to breach the critical $0.0032 price level. Consequently, this could pave the way for another bullish run.
D2T/USD Short-Term Outlook: 1-Hour Chart
Zooming in on the 1-hour chart, we observe a ranging market with intermittent bearish movements. The Dash 2 Trade market has drifted downward towards $0.0032, a critical price level where bullish interest may reside. Investors should monitor this level closely and be prepared to seize opportunities as they arise. The next near-term resistance level to target is $0.0033, as the market appears to have found support at $0.0032.
Buy D2T/USD!
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