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Following the successful breach of the resistance level at $0.00500, buyers have made further strides toward reaching higher levels. The recent price behavior is aligning with the bullish outlook for this token.
Dash 2 Trade: October 12, 2023
D2T Value: $0.005049
D2T Market Cap: $1,510,725
Dash 2 Trade Circulating Supply: 298.5M D2T
D2T Total Supply: 1 billion
Dash 2 Trade’s Ranking on CoinMarketCap: 2639
Key Price Levels:
Resistance: $0.005050, $0.005100, and $0.005150
Support: $0.005049, $0.005000, and $0.004950
Dash 2 Trade Persists on Its Chosen Upside Path
The 4-hour D2T market reveals a consistent upward trajectory following the bullish path established in the previous period. Trading activities in this market are also maintaining levels above the 21-day Moving Average (MA) line.
Furthermore, the Moving Average Convergence Divergence (MACD) indicator lines are ascending above the equilibrium point, with the indicator’s bars consistently above the 0.00 level. Although the ongoing session has recorded slight losses for swing traders, the fact that trading remains above the 21-day MA line increases the likelihood of a recovery from these losses.
D2T Maintains an Optimistic Outlook Amid Challenges
An examination of the 1-hour Dash 2 Trade market reveals that price action is currently encountering some challenges. However, closer scrutiny indicates that buyers are still holding a favorable position. The last red price candle on this chart exhibits a longer upper shadow, suggesting that buyers are resilient against headwinds and are likely to prevail.
Moreover, the market remains above the 21-day MA curve, indicating a potential continuation towards the $0.005200 price level. Additionally, the Dash 2 Trade Smart Money indicator reveals persistent bearish sentiment in most crypto markets, but signs of a potential shift are emerging.
🔍 Smart Money Insights🚀
Another week in this relentless bear market. The phase where patience and conviction get tested. But here's the kicker – we sense a spark of excitement in Smart Money movement.
📊 Smart Money Stablecoin holdings: Steady around 14.5%. Not thrilling, we… pic.twitter.com/ZfRxU1hbfv
— Dash 2 Trade (@dash2_trade) October 11, 2023
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