Dash 2 Trade price action stays in pursuit of breaking the resistance at the $0.02000 mark . Also, technical indicators are revealing that price action has the potential to ramp past this resistance to claim much-elevated price marks. Let’s examine how this may proceed.
Dash 2 Trade: April 28th, 2023
Dash 2 Trade Value: $0.01954
D2T Trade Market Cap: $5,693,073
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #2957
Major Price Levels:
Resistance: $0.01954, $0.02000, and $0.02046
Support: $0.01940, $0.019210, and $0.01880
Dash 2 Trade Price Exceeds an Important Support Level
On the 4-hour D2T/USDT chart, it could be seen that price action has just poked through the middle limit of the Bollinger Bands indicator. However, the headwind took a swing at the move but seemed too weak to cause a significant setback. The current price of this crypto now lies above the middle limit of the Bollinger Band. In addition, the lines of the Relative Strength Index (RSI) indicator are also rising upward into the overbought zone. By implication, this means that the upside forces are gaining more strength, with which prices can retrace higher price marks.
Buyers in the D2T Market Are Stronger and In Control
In the 1-hour market, price action has retraced the top band of the Bollinger Bands indicator. Likewise, there was a minor downward retracement in line with the behavior of the Bollinger Bands. But even at that, buyers seem to still be at an advantage, as price movements have crossed above the middle limit of the Bollinger Bands. Also, the Moving Average Convergence Divergence indicator curves are rising steadily and upwards above the equilibrium level. The histogram bars of the MACD indicator are also green and getting taller, which indicates an increase in upside momentum. Consequently, Dash 2 Trade’s price may retrace the $0.02100 mark. Also, with Dash 2 Trade, you can backtest your trading plan before putting your funds at risk. This is aimed at helping you make more well-informed trading decisions.
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— Dash 2 Trade (@dash2_trade) April 27, 2023
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