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Dash 2 Trade’s price movement recently broke above the $0.006000 price level. The market had earlier attempted to extend the upside correction through the $0.006500 mark but failed to do so. However, the tested resistance has been broken and buyers seemed ready to continue marching upwards.
Dash 2 Trade: February 8, 2024
D2T Value: $0.006553
Dash 2 Trade Market Cap: $1,962,862
D2T Circulating Supply: 298.5M D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: #3488
Key Price Levels:
Resistance: $0.006553, $0.006700, and $0.006900
Support: $0.006500, $0.006400, and $0.006300
D2T Poses for a Continued Upside Retracement
As earlier mentioned, after price action in the Dash 2 Trade 4-hour market broke into the $0.006000 price region, there was a subsequent attempt by bulls to break through the $0.006500 mark. This attempt failed, and a pullback occurred, bringing prices just below the $0.006000 mark. Nevertheless, it appears that buyers have utilized the pullback as an entry point.
Consequently, this saw price action rising with renewed momentum through the $0.006500 mark.
This token has continued to trade above the two sets of the Guppy Multiple Moving Average (GMMA) curves. The last price candle here can be seen appearing green above the GMMA lines. In addition, the MACD indicator lines have a slight upside while at a considerable distance above the equilibrium level. Consequently, this suggests that the best crypto signals to utilize in this market will be bullish ones.
Dash 2 Trade Seems Bulls Still Have Upside Chances
The D2T 1-hour market shows that the market is active, as the price of the token has moved from $0.006553 to $0.006550. Nevertheless, the minimal downward correction posted hasn’t done much damage to the upside progress in this market. This is because price activity remains above the majority of the GMMA curves. This increases the chances of a continued upside correction in this market.
The MACD indicator lines are still above the equilibrium level. However, the leading line is slightly bent towards the equilibrium level. Nevertheless, with the MACD curves above the equilibrium level, it still offers upside forces a fighting chance. Therefore, traders can hold on to their projections of price action rising further towards the $0.007000 mark. In addition, here are the latest top 5 Smart Money purchases in the last 24 hours:
$GAL
$BLUR
$GALA
$LINK
$UNI
Explore our Discord community for in-depth analysis and discussions on Smart Money movements.
🚀Smart Money Insights📊
Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.
These are the top 5 Smart Money buys past 24-hours:$GAL$BLUR$GALA$LINK$UNI
Check out our Discord for deep dives on Smart Money activity. pic.twitter.com/lpcPk3CjnY
— Dash 2 Trade (@dash2_trade) February 6, 2024
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