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Despite the pressure created by headwinds in the Dash 2 Trade market, buyers seem to have regrouped at a key support at the $0.005552 price mark. Through closer examination, it can be seen that price action in this market may take a leap to the upside from this point on.
Dash 2 Trade: August 3, 2023
Dash 2 Trade Value: $0.005564
D2T Trade Market Cap: $1,748,390
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: 2878
Major Price Levels:
Resistance: $0.005564, $0.006000, and $0.006050
Support: $0.005524, $0.005500, and $0.005450
Dash 2 Trade Buyers Obtain a Strong Support Level and Are Staging an Upside Rebound
The Dash 2 Trade 4-hour market has revealed that buyers in this market have mapped out a plan to successfully defeat downward forces. Here, price action can be seen trickling down toward the middle Moving Average part of the Bollinger Bands (middle band) over previous trading sessions.
At this point, the last price candle can be seen sitting above the middle limit of the Bollinger Bands indicator. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines have crossed above the equilibrium level. By implication, this further strengthens the buyers against bearish pressure in this market.
D2T Price Starts an Upside Correction
It was earlier discovered on the 4-hour market that buyers seem to have regrouped at $0.005552 to stage a rebound. However, the D2T 1-hour market has further strengthened those claims as a green price candlestick has just appeared for the ongoing trading session. As a result, this has brought price action to focus on the $0.005600 price mark.
At the same time, the MACD indicator is hinting that bearish pressure is dwindling, as the lines of this indicator are approaching each other for a crossover below the equilibrium level. At this point, traders can target a retracement of the $0.006100 price level in this market. Furthermore, the D2T beta-launch goes live with a new feature called “Technical Event”. Get to know more about how you can benefit from this as a user. 👇
One feature that goes live together with the full open beta-launch is the “Technical Events”. In this thread we will give you a high level overview of what our users can expect from it! Let's dive in 👇👇👇
The Technical Events is an in-house developed tool, designed &… pic.twitter.com/lbIFoPUkZN
— Dash 2 Trade (@dash2_trade) July 31, 2023
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