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It could be seen that buyers in the Dash 2 Trade market are defending the ongoing price upside correction in the market. Price activity can be seen to have continued climbing higher ground at a sustained pace for quite some time. At this point, bullish intentions are being clearly stated.
Dash 2 Trade: March 22, 2024
D2T Value: $0.005091
Dash 2 Trade Market Cap: $1,572,080
D2T Circulating Supply: 298.5 million
D2T Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 3728
Key Price Levels:
Resistance: $0.005091, $0.005200, and $0.005400
Support: $0.00500, $0.00490, and $0.004800
D2T Gains Support Above a Promising Baseline
Price activity in the Dash 2 Trade 4-hour market has continued to rise upwards. The last price candle on the 4-hour market can be seen standing above Guppy Multiple Moving Average (GMMA) lines. Consequently, this increases the upside potential in this market.
Additionally, the Stochastic Relative Strength Index (SRSI) indicator has confirmed the perceived bullish intentions in the market. This could be seen as the lines of the indicator having just delivered an upside crossover in the overbought region. This suggests that price action may still rise higher, making the use of bullish crypto signals quite valid at this point.
Dash 2 Trade Upside Forces Are Looking Formidable
In the D2T hourly market, we can see price action, despite the fact that downward forces are trying to stage some drama. At this point, bulls have been able to gain support above secured baselines. The last red price candle here would be seen appearing above the green GMMA lines, this offers insurance against headwinds in the market.
Likewise, the SRSI indicator lines are still maintaining an upward bearing following the recently delivered bullish crossover above the 50 marks of the indicator. Consequently, this suggests that price action may bounce back to its upward trajectory towards the $0.006000 mark. Furthermore, the Dash 2 Trade Market Events feature has recently indicated an EMA200 upward crossover for @chainlink, coinciding with reports of @OpenOceanGlobal’s utilization of their #CCIP for cross-chain swaps. Could this surge in interest be fueling the momentum for #Chainlink? Are you feeling optimistic about $LINK’s prospects in this cycle?
Bullish on Chainlink?🔗
Our Market Events tool just showed an EMA200 cross-up for @chainlink, following news that @OpenOceanGlobal is using their #CCIP for cross-chain swaps.
Could this be driving the increased attention for #Chainlink?
Are you Bullish on $LINK this cycle? pic.twitter.com/kOsr7UIvYp
— Dash 2 Trade (@dash2_trade) March 21, 2024
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