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Dash 2 Trade (D2T/USD) Still Strong at the $0.011 Support Price Level

Johnathon Fox
06/03/2023 | UPDATED ON: 06/03/2023

For the past few days of struggle around the $0.012 price level, the Dash 2 trade bulls have been able to keep a firm grip on the $0.011 as the last line of defense. Towards the end of May, a higher support level was secured at the $0.0116 price level in proximity to the $0.012 resistance price level. However, bulls lost grip on this price level, and the market is falling back to the major support level.

Key Levels

  • Resistance: $0.015, $0.016, and $0.017
  • Support: $0.010, $0.009, and $0.008

 

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

The D2T bullish support appears to be just as strong as the main resistance level, and this is responsible for the sideways ranging of the market. The mini bearish move of the market is reversing after hitting the $0.011 support level. The bullish move is very significant, and the market has now caught up with the 20-day moving average. However, the volume indication did not commensurate with the level of market activity in today’s market.

Dash 2 Trade (D2T/USD) Still Strong at the $0.011 Support Price Level

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

The market is set for a bullish trend, but the volume of trade is a bit in short supply. This, according to the Bollinger Bands indicator, could be the reason for the low price volatility. Despite the significant bullish move in today’s market, the Bollinger indicator did not respond much. From the standpoint of the 1–hour timeframe, the market is in the buy zone.

You can follow Dash 2 Trade on Ticktock.

 

Did you know we started a TikTok? You do now. https://t.co/LLSPIAD7FI

— Dash 2 Trade (@dash2_trade) June 2, 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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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « EURCHF May Slow Down Price Bids at the 0.97520 Market Level
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