Dash 2 Trade prices have stayed under the price level of $0.01823 for some time now on the 4-hour market. However, bulls advanced prices towards this resistance and subsequently broke it to the upside. And now, it appears more moves may be on the way in this market. Let’s check it out.
Dash 2 Trade: April 25, 2023
Dash 2 Trade Value: $0.01970
D2T Trade Market Cap: $6,107,811
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #2874
Major Price Levels:
Resistance: $0.01970, $0.02020, and $0.02070
Support: $0.01950, $0.01920, and $0.01900
Price Action in the Dash 2 Trade Market is on an Upside Breakout
On the D2TUSDT four-hour market, price action is charging towards the resistance at $0.02000. At this point, price action seems to be breaking out on the upside. In recent times, the Bollinger Bands have been narrowing, indicating that a significant price move is on the way. And about three sessions ago, the move began, and the price broke out through the top band of the Bollinger indicator. Additionally, the Relative Strength Index (RSI) indicator is indicating that the move may extend. This can be seen as the curves of this indicator are now in the overbought region and seem to be preparing to tarry in that region.
D2T Buyers Have Changed the Market Direction
On the Dash 2 Trade one-hour time frame, price action has changed direction from sideways to an upside trajectory. Price activity can now be seen trending upwards in an upside price channel above the middle limit of the Bollinger Bands. At the same time, the RSI lines are also in the overbought region. The lines of the indicator can be seen undulating in the overbought zone. Consequently, this suggests that buyers are engaging in a headwind and are well-positioned to emerge victorious. Therefore, price action in this market seems to extend toward the $0.02150 mark. You can also take the step to turn around your cryptocurrency trading using our analysis insight, and stay ahead of your trading game.
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