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Price action in the Dash 2 Trade market recently rebounded off the support level at the $0.004600 mark. Since then, price action in this market has been gaining more traction towards higher price levels. Yet, applied technical indicators reveal that price action may approach higher price marks even at this point.
Dash 2 Trade: November 13, 2023
D2T Value: $0.005002
D2T Market Cap: $1,463,354
Dash 2 Trade Circulating Supply: 298.5M D2T
D2T Total Supply: 1 billion
Dash 2 Trade’s Ranking on CoinMarketCap: 2760
Key Price Levels:
Resistance: $0.005001, $0.005100, and $0.005200
Support: $0.005000, $0.004900, and $0.004800
D2T Seems to Be Quietly Gathering Bullish Momentum
As Dash 2 Trade continues to trade in the $0.005000 region, technical indicators continue to gather a more favorable outlook. Here, it could be observed that the applied Bollinger Bands indicator upper and lowest bands are now contracting towards each other. Likewise, the ongoing session remains close to the middle limit of the indicator, although below it.
The Moving Average Convergence Divergence (MACD) indicator lines are still above the equilibrium level; however, the bar seems to hold a daunting outlook. Nevertheless, most indications suggest that price action may rise further upward.
Dash 2 Trade Price Action Is Set on Claiming a More Elevated Mark
The D2T hourly market has demonstrated how hard upside forces are resisting downward forces. Here, buyers have remained on top for the past two trading sessions. Also, despite the tug-of-war that has occurred in the ongoing session, buyers are still taking the lead, thereby keeping price movements near the middle limit of the Bollinger Bands indicator.
Although the MACD lines are now below the equilibrium level of the MACD, we can see that these lines are gradually coming together for a crossover. Likewise, the indicator bars that are appearing below the equilibrium level have regained a pale red appearance. As a result, this suggests that price action may soon thrust through the $0.005200 mark. Furthermore, the Smart Money insight has revealed that the crypto market has been significantly bullish in the past few weeks. And this seems to be seeping into even this market.
🚀 Smart Money Insights📊
Another week has passed, and the overall sentiment remains high, even though the price action hasn't been as explosive as a few weeks ago. We're almost 40% up on Bitcoin over the past two months, with minimal retracement.
📈 A significant part of this… pic.twitter.com/GsKqf7tnt4
— Dash 2 Trade (@dash2_trade) November 9, 2023
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