Dash 2 Trade (D2TUSD) Gradually Gains Upward Traction

While the bears have managed to encroach upon some price zones that were previously dominated by the bulls, the D2TUSD bull market is displaying resilience at the $0.005 price level, steadily pushing through the selling pressure. A robust higher support level at $0.005337 is evident, and there are indications that another slightly higher support level is forming around the $0.0055 price level.

Key Levels

• Resistance: $0.015, $0.016, and $0.017
• Support: $0.007, $0.006, and $0.005.

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

The D2TUSD market shows potential for consolidation around the $0.0055 price level before a possible upside breakout. This is due to the convergence of both the support and resistance levels at this price point. The presence of lower highs and higher lows indicates a balance between the two market forces.

Additionally, the Bollinger Bands are converging, supporting the idea of a narrowing price channel. This volatility squeeze may precede a significant price breakout. To ensure the breakout occurs in the upside direction, the market requires traders to have a bullish bias.

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

From this perspective, we observe the market in a state of equilibrium, where demand appears to be responsive to supply. Neither the buyers nor the sellers have a significant advantage over the other. Another possibility is that the consolidation may persist at this new price level for some time. However, the buyers are consistently establishing new demand levels, and with more traders showing a bullish bias, the upward momentum can continue.

The “Technical Events” feature is one that goes live along with the full open beta launch. We will give you a high level overview of what our users might anticipate from it in this discussion. Let’s begin.

One feature that goes live together with the full open beta-launch is the “Technical Events”. In this thread we will give you a high level overview of what our users can expect from it! Let’s dive in 👇👇👇

The Technical Events is an in-house developed tool, designed &… pic.twitter.com/lbIFoPUkZN

— Dash 2 Trade (@dash2_trade) July 31, 2023

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