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Price action in the D2T market has been able to hold its ground above a key level. Meanwhile, buyers are in healthy numbers in the ongoing session. This has favorably positioned the buyers in the current market, as it seems set for more upside traction.
Dash 2 Trade: March 6, 2024
D2T Value: $0.006311
Dash 2 Trade Market Cap: $2.04 million
D2T Circulating Supply: 298.5 million D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 3858
Key Price Levels:
Resistance: $0.006720, $0.006850, and $0.007000
Support: $0.006700, $0.006600, and $0.006500
D2T Price Action Leaps Off a Significant Baseline
The ongoing session in the Dash 2 Trade market is represented by a bullish price candle that seems comfortably situated above the middle band of the Bollinger Bands indicator. Considering the size of the mentioned price candle, one can deduce that buyers have re-entered the market in healthy numbers.
Likewise, the Moving Average Convergence Divergence (MACD) indicator lines have continued to trend upward from below the equilibrium level. Meanwhile, the last bar of this indicator, which corresponds to the ongoing session, suggests that upside momentum may still trigger more bullish crypto signals in this market.
Upside Forces in the Dash 2 Trade Market Stay Significantly in Control
Extending the scope of this analysis to a much shorter time frame of 1 hour, we can see that the current price of D2T remains at some distance above the middle band of the Bollinger Bands. Although the ongoing session has produced a minimal downward correction, the market seems more predisposed to continuing on its upside path. Also, it could be seen that the MACD lines are too close, and a bullish crossover may result soon.
Consequently, this will strengthen bullish convictions, and price action may likely continue through the $0.008500 mark. Also, you should note that you can embark on a journey into bot trading effortlessly! 🤖
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