Dash 2 Trade Price Prediction for January 16: D2T Bulls Reject a Correction Below the $0.005100 Mark

Dash 2 Trade buyers have bounced back with resounding vigor. Consequently, the experienced movement suggests that buyers had earlier regrouped at price marks near the $0.005100 level. This has effectively caused a rejection of any further price declines in this market.

Dash 2 Trade: January 16, 2024
D2T Value: $0.005173
Dash 2 Trade Market Cap: $1,434,483
D2T Circulating Supply: 298.5M D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 3230

Key Price Levels:
Resistance: $0.005173, $0.005300, and $0.005500
Support: $0.005150, $0.005100, and $0.005000

D2T Breaks the Resistance at the $0.005117 Mark

The ongoing session has been particularly profitable for traders in the Dash 2 Trade 4-hour market. The last price candle here can be seen pushing through the resistance formed by the middle limit of the Bollinger Bands. This has brought the token closer to the $0.005200 price mark.

With the token now trading above the Bollinger Bands MA, prices in this market may climb further upwards. In addition, the Stochastic Relative Strength Index (RSI) curves are also rising upward into the overbought region. The leading RSI line has a deflection on its terminal, but the appearance of the last price candle on this chart negates the possibility of a downward correction in the ongoing session.

Dash 2 Trade Surges Back to a Ten-Session High

In the one-hour D2T market, price action has spontaneously surged to a ten-session high. And just like what we’ve seen on the 4-hour market, it could be seen that the ongoing session has also risen above the middle limit of the Bollinger Bands. The current price of this token now lies very close to the uppermost limit of the applied Bollinger Bands indicator. Meanwhile, the RSI indicator lines have delivered a bullish crossover above the 60-mark of the indicator.

The delivered crossover is still quite young. This suggests that bullish momentum here may still push prices towards the $0.005300 mark. Furthermore, one should know that intelligent investors encompass seasoned individuals and entities with profound insights, often heralding forthcoming trends. Explore the latest Smart Money acquisitions in the last 24 hours:

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— Dash 2 Trade (@dash2_trade) January 16, 2024

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