The recent bearish trend ended at the $0.0023 price level, leading to the emergence of bullish dominance. However, as the Dash 2 Trade market surged to approximately $0.0024, it faced increasing headwind pressure. This ultimately halted the progress of the bull market at around the $0.0024 level. A closer examination of the chart reveals substantial struggle and significant price swings within each trading session, indicating high investor interest in the market.
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
Although the chart indicates minimal trading volume, the frequency of upper and lower shadows on the candlesticks representing recent trading sessions suggests a highly volatile market. Despite the volatility, neither the demand nor the supply side has been able to gain dominance. This has caused the market to range sideways, currently in consolidation. However, recently, the bull market has established strong support at the $0.00245 price level. For now, the market may not be able to claim dominance over the $0.0025 price level until the volatility decreases.
D2T/USD Short-Term Outlook: 1-Hour Chart
Even from this perspective, the trading volume appears low, but the volatility remains high. The support level holds steady at $0.00245. Additionally, the price action is gaining momentum despite bearish pressure attempting to resist the market’s ascent towards the key price level. Investors should note the nearby resistance at $0.00248. A breakout at this level is crucial for the continuation of the trend.
Buy D2T/USD!
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Dash 2 Trade (D2T) is worth exploring. Buy D2T now!
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