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Price activity in the D2T market has found solid support above the $0.006000 price level. Technical indicators are aligning to provide additional bullish impetus. Since price activity is now above the $0.006000 price level, buyers may target another higher level of support in this market.
Dash 2 Trade: December 21, 2023
D2T Value: $0.006019
Dash 2 Trade Market Cap: $1,802,143
D2T Circulating Supply: 298.5M D2T
Dash 2 Trade Total Supply: 1 billion
D2T Ranking on CoinMarketCap: 3394
Key Price Levels:
Resistance: $0.006019, $0.006100, and $0.006200
Support: $0.006000, $0.005900, and $0.005800
Dash 2 Trade Is Gearing Up For More Moves
Price action in the D2T 4-hour market continues to hover around a key price level, aligning with the middle limit of the Bollinger Bands indicator. The last price candle has dipped below the middle band of the Bollinger Bands, but its open continues to test the mentioned part of the Bollinger Bands.
However, the upper and lower limits of the Bollinger Bands are contracting. It should be noted that the last price candle here is near the support level at the $0.006000 mark. Given the behavior of the Bollinger Bands, it appears that enough buyers are using the mentioned support level as an entry point, potentially causing the price to spike upwards.
D2T Prepares for a Leap
Volatility continues to thin in the Dash 2 Trade hourly market, but technical indicators suggest that an interesting move may result shortly. Observing the Bollinger Bands, it can be seen that they have contracted significantly. Likewise, the Relative Strength Index (RSI) indicator has started approaching a bullish crossover.
Here, the token now trades at the $0.006021 price mark. With price action now at the lowest limit of the Bollinger Bands and the RSI approaching a crossover, traders can anticipate a rebound toward the $0.006200 mark. Also, Here are the leading 5 Smart Money picks in the last 24 hours:
$DYDX
$SHIB
$WOO
$LINK
$HIGH
🚀Smart Money Insights📊
Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.
These are the top 5 Smart Money buys past 24-hours:$DYDX$SHIB$WOO$LINK$HIGH
Check out our Discord for deep dives on Smart Money activity. pic.twitter.com/nXADPe6M4G
— Dash 2 Trade (@dash2_trade) December 20, 2023
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