The $0.008 price level was anticipated to be the point at which the market is expected to recover. However, the D2T bearish aggression of the last trading session brought the market below this level. For now, the D2T bear market has hit a brick wall at $0.0076, and from here, the market rallies significantly even with the low volume of trade.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.009, $0.008, and $0.007
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The Relative Strength Index (RSI) indicator shows that the aggressive bearish move of yesterday brought the D2T market into the oversold region, but it quickly recovered significantly. The RSI line now measures 42 for market momentum, as the market has made about a 60% recovery in the past 24 hours. The market recovery was made even with the low volume of the trend; this suggests that the market has more likelihood for bullish performance as the week’s trading activity begins fully.
D2T/USD Short-Term Outlook: 1-Hour Chart
As the D2T bulls turn the market around, we see the Bollinger Bands converging as the movement of the price channels is about to change to an upward-moving price channel. Also, the buying momentum is gaining traction. According to the Relative Strength Index (RSI), indicator, it now measures the buying momentum at 58. The $0.01 price level could be the next stop for the market.
The ongoing dispute between the SEC and top crypto platforms has created the opportunity for a good buy.
Thank the #SEC for this buying opportunity.
— Dash 2 Trade (@dash2_trade) June 10, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
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