Price action in the Dash 2 Trade market seems to have begun its predicted upside move. This is coming after buyers have courageously defended the $0.03000 support level. And now, it’s looking like the move may grow significantly. Let us further examine this market.
Dash 2 Trade: April 7, 2023
Dash 2 Trade Value: $0.03136
D2T Trade Market Cap: $8,393,423
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #2823
Major Price Levels:
Resistance: $0.03136, $0.03186, and $0.03236
Support: $0.03100, $0.03050, and $0.03010
Dash 2 Trade (D2T) Bull Reclaims Dominance
Buyers in the Dash 2 Trade 4-hour market held sellers above the support at 0.03000. Also, it appears that sellers have been exhausted at that level and buyers are now moving the market back up. Three green price candles can be seen appearing off the trendline drawn at $0.03023. With every move, price action approaches the middle limit of the applied Bollinger Bands indicator. Should price action cross the limit, more upside traction will be supplied to price movements. Also, the Moving Average Convergence Divergence indicator line seems to be attempting a bullish crossover just above the 0.00 mark. Meanwhile, the bars of this indicator are getting shorter and more pale red in appearance. Therefore, indications here suggest that D2T price may keep increasing.
Dash 2 Trade (D2T) Market Bulls Reclaim the Control of Price Action
In the hourly market, price action has crossed above the middle limit of the Bollinger Bands indicator. However, some traders have taken the opportunity to go short. But interestingly, buyers were quick to move into action, as they regained control of the price action. This can be seen as a green price candle appeared for this session and is above the middle limit of the Bollinger Bands. The MACD indicator has started showing that upside momentum is returning to this market, as its bars are now solid green. Also, the lines of this indicator are now about to break above the 0.00 mark. Also, the Relative Strength Index (RSI) indicator lines appear to be preparing for a bullish crossover above the 70 mark. Consequently, D2T seems ready to break up the $0.03300 resistance soon. Furthermore, you can stay in touch with all the latest insights and happenings in cryptocurrency trading. Join us (Dash 2 Trade) on our Telegram discord to participate in conversations.
https://twitter.com/dash2_trade/status/1643992010922262528
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