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While price action in the Dash 2 Trade market hit below the $0.003000 threshold, it appears that the market is warming up for a significant move. Price action can be seen contracting significantly above the $0.002650 mark. This suggests that the market may have hit a strong base, and headwinds may face a strong rejection at this point.
Dash 2 Trade: May 15, 2024
D2T Value: $0.002656
Dash 2 Trade Market Cap: $788,382
D2T Circulating Supply: 298.5 million D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 4004
Key Price Levels:
Resistance: $0.003000, $0.003500, and $0.004000
Support: $0.002500, $0.002000, and $0.001500
D2T Bulls Eyes Support at the $0.002650 Mark
Headwinds have caused Dash 2 Trade price action to break down the support at the $0.003000 price mark. However, recent price action seems to have hit a strong base. The market can be seen thinning out as it approaches the $0.002650 mark.
Consequently, the indication arising from this is that market forces are engaging each other, battling for control of the market. Meanwhile, the Relative Strength Index (RSI) lines can be seen maintaining an upward path. This further hints that momentum may be building. Consequently, this may be a good time to set trades with bullish crypto signals in this market.
Dash 2 Trade Market Stays Consistent With Upside Focus
The D2T hourly market can be seen to maintain similar characteristics to those of the 4-hour market. Recent price candles in this market can be seen hovering around the Guppy Multiple Moving Average curves. Meanwhile, the leading lines of the RSI indicator can be seen as having a deflection toward the lagging one.
This further points to the fact that a trend reversal may be developing. Consequently, this will mark the beginning of an upside rebound that may take us towards the $0.003000 mark. Meanwhile, you should know that liquid markets offer enhanced safety and trading efficiency!
Liquid markets are safer and better for trading!📊
But what do they actually look like? Is there a way to see how liquid a market is?
Yes, there is! With a depth chart — one of the most useful tools in any trader’s arsenal.https://t.co/f34zJMlyWi
— Dash 2 Trade (@dash2_trade) May 15, 2024
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