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Following the most recent upside rebound, the Dash 2 Trade market has tried to maintain an upward trajectory. The market has been rising through notable landmarks that may have bullish implications. Let’s take a closer look at the price action.
Dash 2 Trade: June 10, 2024
D2T Value: $0.003404
Dash 2 Trade Market Cap: $997,298
D2T Circulating Supply: 298.5 million D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap:4180
Key Price Levels:
Resistance: $0.003600, $0.004100, and $0.004600
Support: $0.003100, $0.002600, and $0.002100
D2T Bulls Advance Through the EMA Lines
Price action in the Dash 2 Trade 4-hour market rebounded off the merged 100- and 200-day Exponential Moving Average (EMA) lines. These indicator lines seem to have provided traders with the bullish impetus needed for the price action to rise further through the 20- and 50-day EMA lines.
At the same time, the Moving Average Convergence Divergence (MACD) lines can be seen rising upwards and towards the equilibrium level. The bars of the indicator stay solid green as they keep appearing above the equilibrium level. As a result, it appears that market forces are eyeing the breaking of Fibonacci Retracement Level 50 as resistance.
Market Forces Are Maintaining Upside Hopes in Dash 2 Trade
By extending the D2T market analysis to the hourly market, we can see how the market is preparing for a continued upward correction. Here, the last price candle has risen past all the EMA curves. Meanwhile, a bullish crossover can be seen on the MACD indicator.
The crossover is occurring above the equilibrium level and has a higher potential of delivering more thrust to price movement. Consequently, it appears more likely that price action may surpass level 50 of the Fibonacci Retracement Level. This will encourage traders to utilize bullish crypto signals targeting the $0.003700 mark. Meanwhile, Here are the most recent top 5 Smart Money purchases.
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— Dash 2 Trade (@dash2_trade) June 8, 2024
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