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Dash 2 Trade’s price action found a more elevated support level and has rebounded upwards off it already. At this point, the price of this token is showing indications that it may be heading towards the $0.007000 mark. Let’s study the chance of this happening.
D2T: September 6, 2023
Dash 2 Trade Value: $0.006415
Dash 2 Trade Market Cap: $1,963,029
D2T Flowing Supply: 298.5M D2T
Dash 2 Trade Total Supply: 1 billion
D2T’s Ranking on CoinMarketCap: 2830
Major Price Levels:
Resistance: $0.006415, $0.006700, and $0.007000
Support: $0.006400, $0.006300, and $0.006200
D2T Acquires Another Psychological Support
Price action in the Dash 2 Trade 4-hour market has kept rising upwards after bouncing off the support at the $0.006193 mark. During the previous session, price action rose above the 9-day Smooth Moving Average (SMA) curve. And despite the minor downward correction in the ongoing session, the price of this token remains above the SMA line.
Meanwhile, the MACD continues to point out that upside momentum is gaining strength. This is displayed as the line of the Moving Average Convergence Divergence (MACD) indicator continues to rise upward and toward the equilibrium level. Also, the bars of the indicator still appear green above the same equilibrium level, which affirms that upside momentum is building up.
Dash 2 Trade Price Stays on Track Toward Higher Marks
Even in the D2T 1-hour market, price action maintains good prospects. The last price candle on this chart can be seen sitting just on top of the 9-day SMA curve. Also, this has placed price action above the 21-day SMA line as well. Likewise, despite the appearance of the last price candle on the chart, the MACD line maintains a generally upward bearing. As a result, the leading line is now testing the equilibrium level.
Consequently, this points out that buyers are still gathering momentum and are set to advance prices towards the $0.007000 mark. Meanwhile, you can up your trading game by utilizing the Dash 2 Trade backtester.
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— Dash 2 Trade (@dash2_trade) September 5, 2023
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