The D2TUSD market has finally turned to the upside from the $0.00515 level and is steadily gaining traction. After successfully breaking through the supply level at $0.006, the bull market is now setting its sights on the $0.0065 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 Bollinger Bands indicator currently illustrates an upward-trending price channel as the D2TUSD market has consistently stayed above the 20-day moving average. The fourth 4-hour session showed a strong bullish bias, leading to a divergence in the two standard deviations. Although the $0.0065 resistance seems to be limiting the bullish run, the overall sentiment remains bullish.
D2T/USD Short-Term Outlook: 1-Hour Chart
With a steady upward advancement of the market, D2TUSD stands a chance of propelling the price towards their target. The appearance of higher lows is a sign that the bull market is bouncing back.
Furthermore, the Relative Strength Index (RSI) currently sits at 64, indicating that the market has not yet entered the overbought region. This suggests that the bull market still has room for further action.
Let us take a look at the general cryptocurrency market over the past month.
Our “End-of-month look-back” is out! Analyzing 5 points each for bulls and bears in the world of crypto.
🐂Bulls:
– US Congress advances CryptoBill, providing regulatory clarity and market opportunities.
– Biggest inflow of funds since Q4 2021, signaling a potential bullish…— Dash 2 Trade (@dash2_trade) August 4, 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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