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Price action in the Dash 2 Trade market continues to ramp upward. This has continued after buyers were able to defeat the $0.008000, $0.008500, and very recently the $0.009000 price resistance levels. Even at this point, this market remains bullishly biased, going by the indications coming from technical indicators.
Dash 2 Trade: August 24, 2023
D2T Value: $0.009093
D2T Market Cap: $2,745,494
Dash 2 Trade Flowing Supply: 298.5M D2T
D2T Total Supply: 1 billion
D2T’s Ranking on CoinMarketCap: 2564
Major Price Levels:
Resistance: $0.009093, $0.009150, and $0.009250
Support: $0.009000 $0.008900, and $0.008800
D2T Bulls Are on Rampage
Trading activities in the Dash 2 Trade 4-hour market portray that bulls have overrun the market. At this point, downward forces seem to have lost complete control, giving bulls an unrestricted chance to cause further upside retracements. For over four trading sessions now, there has been a significant price increase consistently. The last price candle has also appeared above the Smooth Moving Average (SMA) lines.
Additionally, it could be seen that its body is of moderate size, while the upper shadow looks smaller than the lower shadow. This implies that buyers are still strong even after such an upside price ramp. Likewise, the Moving Average Convergence Divergence (MACD) indicator lines continue to ramp upward above equilibrium. Therefore, all signs point to a continued price increase.
D2T Bulls Stay Largely Favored in the Bear’s Territory
The D2T 1-hour market showed that price action has popped into the region above the 23.60 Fibonacci Retracement level. Subsequently, a short-bodied red price candle has appeared for the current session. However, the characteristics of this price candle maintain that buyers are still actively engaging downward forces. This is revealed as this candle has no shadow below or above.
Additionally, buyers are still at an advantage since trading activities continue to occur above the Smooth Moving Average (SMA) lines. Also, the lines of the MACD indicator maintain a slightly upside orientation above the equilibrium point. Therefore, it could be concluded that the upside retracement will likely continue through the $0.0093000 resistance mark. Also, you should know that some more cool and interesting features have been added to the Dash 2 Trade platform. This is aimed at giving you a better user experience.
Dash 2 Trade Development Update:
22.08.2023Optimized event filters, improved dev tools, backend package upgrades, enhanced logging and implemented performance enhancements.
-Disable unused tags and timeframes in event filters
-Various dev tool improvements
-Package upgrades on… pic.twitter.com/b4CBT0E0ud— Dash 2 Trade (@dash2_trade) August 22, 2023
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