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Dash 2 Trade buyers seem to have rebounded off support after headwinds pushed against its price action. Technical indicators are aligning to suggest that more movements may yet be seen in this market. Traders can go long in anticipation of a further upside correction.
Dash 2 Trade: November 27, 2023
D2T Value: $0.004213
D2T Market Cap: $1,315,527
Dash 2 Trade Circulating Supply: 298.5M D2T
D2T Total Supply: 1 billion
Dash 2 Trade Ranking on CoinMarketCap: 2846
Key Price Levels:
Resistance: $0.004209, $0.004300, and $0.004400
Support: $0.004200, $0.004100, and $0.004000
A Tailwind Develops on the Dash 2 Trade Market
As mentioned earlier, price action in the D2T market has rebounded upwards after hitting a strong support level at the $0.004143 mark. Although this happened below the middle limit of the Bollinger Bands, it suggests that the upside rebound may grow significantly.
It could be observed that the upper and lowest limits of the Bollinger Bands are at a considerable distance from each other. Meanwhile, the Relative Strength Index (RSI) indicator lines are about to deliver a bullish crossover deep in the oversold region. Consequently, this aligns with the opinion that price action may climb higher shortly.
Upside Forces Are Growing Stronger in the D2T Hourly Market
Moving to the 1-hour Dash 2 Trade Market, it can be seen that the noticed upside rebound has grown stronger, as the token now trades above the $0.004210 mark. Although the RSI indicator lines still have a downward bearing, the leading line of the RSI is slightly bent sideways with respect to the developing price move.
Nevertheless, the behavior of price action suggests that things may erupt very quickly, considering the volatility displayed in the ongoing session. Therefore, an upside correction towards the $0.004400 mark may be seen in this market. Furthermore, Dash 2 Trade’s Smart Money insight suggests that sentiment surrounding BTC has turned bullish following a brief dip.
🚀 Smart Money Insights 📊
What an eventful week in the crypto realm! Bitcoin took a brief dip, then turned green again, signaling strong bullish indicators.
📉 Market Moves & Regulatory Signals: Recent SEC actions aim more at control than destruction of crypto. Institutions… pic.twitter.com/EC15T42sqH
— Dash 2 Trade (@dash2_trade) November 23, 2023
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