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After downward forces pushed the Dash 2 Trade market towards the $0.003400 mark, it could be seen that bulls caused a substantial price rebound afterwards. The prevalent trend in this market is pointing towards the possibility of the market extending towards the nearest technical resistance in the meantime.
Dash 2 Trade: May 7, 2024
D2T Value: $0.003651
Dash 2 Trade Market Cap: $1.08M
D2T Circulating Supply: 298.5 million D2T
Dash 2 Trade’s Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 3881
Key Price Levels:
Resistance: $0.003800, $0.004300, and $0.004700
Support: $0.003600, $0.003300, and $0.003000
D2T Bulls May Secure Higher Support Levels
The Dash 2 Trade market has seen a significant upside correction. The previous session witnessed one of the most significant upside corrections in recent times. Meanwhile, the ongoing session has produced a minor downward correction, yet the Stochastic Relative Index (SRSI) maintains an upside trajectory.
Consequently, this seems to signal that the overall upside correction may still be ongoing. At this point, price action is closer to the middle limit of the Bollinger Bands. Should price action cross above this mark, more upside momentum may be secured, which will propel the market even further.
Dash 2 Trade Upside Forces May Have Secured a Safe Spot for Upside Continuation
While the market is just closing in on the middle limit of the Bollinger Bands on the D2T 4-hour price chart, it could be seen that price action in the hourly market has risen past the middle limit of the indicator. This seems to reveal that headwinds are having a hard time causing a downward correction. The SRSI indicator lines are convergent in the overbought region.
Ordinarily, this would have signaled a downward correction. However, the bearing of the indicator lines as they converge suggests that traders may rather anticipate a continued upward correction. This suggests that traders may want to utilize more bullish crypto signals at this point since the market may proceed towards the $0.004000 mark. Meanwhile, here are the latest Smart Money acquisitions in the past 24 hours:
– Galactic Gaming ($GAL)
– Sandbox ($SAND)
– Yield Guild Games ($YGG)
– Injective Protocol ($INJ)
– Shiba Inu ($SHIB)
📊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:$GAL$SAND$YGG$INJ$SHIB
Check out our Discord for deep dives on Smart Money activity pic.twitter.com/ZWff6RSrza
— Dash 2 Trade (@dash2_trade) May 6, 2024
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