Dash 2 Trade (D2T/USD) Targets $0.003 as Price Momentum Intensifies

After facing significant resistance at the $0.003 level, the D2T/USD market has seen bullish momentum strengthen support at $0.00236. Currently, the 4-hour chart indicates the formation of a new higher support level around $0.0025. This development follows the previous bull market’s encounter with resistance at $0.00268. As a result, bullish traders are now consolidating at the $0.005 level.

Key Levels to Watch:

• Resistance: $0.015, $0.016, and $0.017
• Support: $0.0020, $0.0018, and $0.0017

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

A closer examination of the indicators raises concerns about the sustainability of the current bullish trend. Despite the recent surge and the formation of a higher support level at $0.0025, which has pushed the Bollinger Bands apart, they continue to indicate a horizontal price channel, reflecting a consolidating market. The Bollinger Bands remain uniformly aligned sideways despite the high volatility. Furthermore, the low trading volume, as shown by the histogram bars, casts doubt on the strength of the ongoing bullish momentum.

Given the newly established support level at $0.0025, the focus now shifts to a potential breakout above the $0.0026 level. Such a movement would signal a shift in market dynamics, favoring the bullish trend.

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

The 1-hour chart displays erratic candlestick patterns, indicating heightened market volatility and a standoff between supply and demand. Notably, the Bollinger Bands show a tilt in the price channel due to the newly established support level at $0.0025. Despite these market challenges, the emerging bullish trend suggests a potential breakout, with the price possibly advancing towards the targeted resistance level. A key next step would be for the price to break above the $0.0026 level, which would signal a shift in favor of the bulls.

Dash 2 Trade (D2T) is worth exploring. Buy D2T now!