After gaining upward momentum, the D2T/USD market broke free from the consolidation around the $0.003 price level. This breakout achieved the target of $0.0036 identified in the previous analysis. Capitalizing on the surge in volatility, bulls established a stronger support base near $0.0036, solidifying their control over the market. However, bearish pressure remains at this level. The key question now is whether the bulls can overcome this resistance. Further indicator analysis is recommended to shed light on this.
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 D2T/USD market is caught in a tug-of-war between bulls and bears, with key support and resistance levels forming a price channel between $0.0033 and $0.0036. Currently, the market has established a minimal support level at $0.0035. However, bearish pressure persists at the key resistance level of $0.0036. Price action suggests a potential breakout attempt, and a successful surge past this resistance could see $0.004 become the next target.
D2T/USD Short-Term Outlook: 1-Hour Chart
The 1-hour chart suggests an upward trend for the D2T/USD market. The Bollinger Bands confirm this uptrend by portraying a widening price channel. However, the price has been rejected twice at the $0.00375 resistance level, strengthening this resistance. Despite this, the overall chart structure on the 1-hour timeframe hints at a potential breakout soon.
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