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In recent trading sessions, the Dash 2 Trade Market has printed considerable profit. This happened as soon as buyers were able to break through the $0.00500 mark as resistance. The market has continued to gain traction since then and seems to have secured support at a technical level of $0.006000.
Dash 2 Trade: February 5, 2024
D2T Value: $0.006207
Dash 2 Trade Market Cap: $1.84M
D2T Circulating Supply: 298.5M D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: #3195
Key Price Levels:
Resistance: $0.006300, $0.006500, and $0.006700
Support: $0.006207, $0.006107, and $0.006007
D2T Stays Afloat Above the $0.00600 Mark
Bulls in the Dash 2 Trade market have done quite well, considering how far price action has moved in the market. Buyers were able to test the resistance price mark at $0.006500 after initiating an upside retracement from a starting point just above the $0.004500 mark. At this point, trading activities in this market have been occurring within the $0.006000 and $0.006500 price marks.
Likewise, the Moving Average Convergence Divergence (MACD) indicator lines have risen above the equilibrium level. However, as price action in this market has started oscillating between the above-mentioned price range, the bars of this indicator have started appearing pale green as well. Nevertheless, the lines of the indicator aren’t converging for a crossover yet, suggesting that traders can still stick to bullish crypto signals in this market.
Dash 2 Trade Seems to Be Preparing for a Leap Off the 21-Day Line
In the D2T 1-hour market, it can be seen that price action has quickly found its way back above the 21-day MA line. However, over the past three sessions, it can be seen that there have been modest downward corrections. Nevertheless, since price action is still above the 21-day MA line, it can be anticipated that buyers may be eyeing the 21-day MA line for a re-entry. Also, the lines of the MACD have narrowed up for an upside crossover above the equilibrium level.
Although a red bar can be seen appearing below the equilibrium level, the closeness of the indicator lines seems overwhelming, suggesting that a bullish crossover is near and a rebound may occur from here. Consequently, this may see the market rise through the $0.006500 mark and towards the $0.007000 price level. In addition, you can explore the latest Smart Money moves over the last 24 hours with these standout picks:
$MATIC
$BLUR
$COMP
$LDO
$BICO
Dive into insightful discussions and in-depth analyses of Smart Money activity on our Discord channel!
🚀Smart Money Insights📊
Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.
These are the top 5 Smart Money buys past 24-hours:$MATIC$BLUR$COMP$LDO$BICO
Check out our Discord for deep dives on Smart Money activity pic.twitter.com/nhDEyZZJLV
— Dash 2 Trade (@dash2_trade) February 5, 2024
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