After buyers defended the $0.03000 price mark, price action in the Dash 2 Trade market has rebounded upwards. At this point, trading indicators are also suggesting a better outlook for this market. Let’s dive straight into the analysis of this market for more insight.
Dash 2 Trade: April 10, 2023
Dash 2 Trade Value: $0.03308
D2T Trade Market Cap: $9,957,639
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #2832
Major Price Levels:
Resistance: $0.03308, $0.03358, and $0.03400
Support: $0.03280, $0.03250, and $0.03220
Dash 2 Trade (D2T) Is Effectively Resisting Headwind
On the D2T/USD 4-hour market, bulls are offering impressive resistance to downside forces. The last price candle has remained above the MA line of the Bollinger Bands indicator. Additionally, the Bollinger Bands indicator itself is oriented in the upside direction. Also, the upper and lower limits of this indicator are approaching each other. Consequently, this is pointing out that a significant price move may be on the way. Meanwhile, the Moving Average Convergence Divergence indicator curves are now moving sideways, very close to but above the equilibrium level of 0.00. At the same time, the MACD bars are pale red, which suggests that buyers are already losing momentum. Subsequently, this will give buyers the chance to increase the Dash 2 Trade price.
D2T Buyers Are Putting Up a Good Fight
On the Dash 2 Trade 1-hour market, the last two price candles here stay above the middle band of the Bollinger Bands indicator. However, the latest price candle here has risen a bit further than the previous one. And, similar to what we have on the 4-hour market, the Bollinger Bands indicator has an upside bias. Additionally, the MACD indicator curves are now rising steadily above the 0.00 level of the MACD. Green histogram bars can also be seen appearing above the 0.00 mark of the MACD indicator. Therefore, this reveals that buyers are gaining more momentum as trading activities continue. Consequently, the D2T price is getting pushed towards the $0.03450 mark. Meanwhile, you can also take part in the Dash 2 Trade Beta test to experience our latest Top Social Activity feature in our presale section.
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— Dash 2 Trade (@dash2_trade) April 9, 2023
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