Dash 2 Trade (D2T/USD) Stabilizes at $0.012 in Preparation for Upside Action

After the Dash 2 trade buyers lost their grip on the $0.02 price level, they were forced to find refuge at $0.0118. Buyers are so bullishly biased toward this price level that they have built a strong fortress around it. On May 9, the buyers mustered enough bullish sentiments to propel the bull market to the $0.015 price level. But due to bullish exhaustion, the market could not break the resistance, and as a result, the price slowly fell back to the support level.

Key Levels

• Resistance: $0.035, $0.040, and $0.045
• Support: $0.015, $0.014, and $0.013

Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View

Due to the very strong support level, the market consolidates below the midpoint of the Relative Strength Index. As the bears approach the key demand level, the market loses its volatility because the demand level is strong. This causes the Bollinger Bands to contract as the forces of demand match the forces of supply. The Bollinger Bands continue to contract; therefore, we should expect a bullish price breakout from the $0.012 price level.

D2T/USD Short-Term Outlook: 1-Hour Chart

Scaling into a 1-hour time frame, we noticed the market settling into a tighter condition. The price, after climbing up to the level of the moving average, moves along with it. After this, the Bollinger Bands indicator experienced more contraction, and in the Moving Average Convergence and Divergence (MACD), the MACD line is finally crossing above the zero level and also now has a very significant bullish histogram. Traders should buy now, as the chances of a bullish trend are high.

The Dash 2 Trade user interface has undergone some major upgrades, which are expected to improve the overall user experience.

1⃣ #D2T development updates 16.05.2023 – 1/3 🚀

We have made significant improvements to the user interface, enhancing the overall user experience.

✨ UI menu has been updated to be more intuitive and user-friendly.

🔍 Additional meta data has been added to specific token… pic.twitter.com/SDzJ0moeG4

— Dash 2 Trade (@dash2_trade) May 16, 2023

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