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The behavior of price action in the Dash 2 Trade market suggests that buyers may have found a good entry point. Price action in this market has corrected off the support level at the $0.006100 mark. The mentioned level is a psychological price level and has the potential to offer considerable bullish traction in this market.
Dash 2 Trade: March 5, 2024
D2T Value: $0.006311
Dash 2 Trade Market Cap: $2M
D2T Circulating Supply: 298.5 million D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 3985
Key Price Levels:
Resistance: $0.006311, $0.006400, and $0.006500
Support: $0.006300, $0.006200, and $0.007100
D2T Buyers Successfully Resist Headwind at the $0.006100 Mark
Price activity in the 4-hour Dash 2 Trade market rebounded off the support level at the $0.006100 mark. This happened three sessions ago, and it seems the market has maintained a steady upward path ever since. The last price candle on this chart is testing the middle limit of the Bollinger Bands in what seems like an attempt to break the price level aligned with that part of the indicator.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines have converged for an upside crossover. Consequently, this strengthens the possibility of price action gaining more upside traction. This is because buying confidence may increase significantly as trading activities progress for the day.
Dash 2 Trade Bulls Are Attempting a Breakout
The D2T 1-hour market can be seen trying to break out of the uppermost limit of the Bollinger Bands. However, the current session seems to have reacted negatively. Nevertheless, this coin continues trading above the middle limit of the Bollinger Bands. Meanwhile, the MACD indicator lines are still slightly projected upward.
Also, the bars of this indicator still appear above the equilibrium level. Consequently, these offer some relief for traders looking forward to continuing executions of bullish crypto signals with targets near the $0.007000 mark. Furthermore, you can find out the leading Smart Money investments over the last 24 hours:
– $SHIB
– $FTM
– $UNI
– $AAVE
– $WLD
Join our Discord community for in-depth analyses on Smart Money trends.
🚀Smart Money Insights📊
Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.
These are the top 5 Smart Money buys past 24-hours:$SHIB$FTM$UNI$AAVE$WLD
Check out our Discord for deep dives on Smart Money activity pic.twitter.com/x3xpxFbbVe
— Dash 2 Trade (@dash2_trade) March 4, 2024
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