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Price action in the Dash 2 Trade price has continued moving towards higher price levels after surpassing the price level of about five days ago. As it stands, the technical indicator remains positively biased toward more upside price moves in this market.
D2T: August 8, 2023
D2T Value: $0.005771
Dash 2 Trade Market Cap: $1.7M
D2T Trade Block Flowing: 299 million
D2T Total Supply: 1 billion
Dash 2 Trade’s ranking on CoinMarketCap: 2940
Major Price Levels:
Resistance: $0.005800, $0.005850, and $0.005900
Support: $0.005750, $0.005700, and $0.005650
Bulls in the D2T Market Are Retaining Upside Profits
As earlier mentioned, price action in the Dash 2 Trade market has kept on rising steadily. The just concluded session saw prices in this market rise significantly towards the middle limit of the Bollinger Bands. Also, looking carefully at the recent price movement, it could be seen that price action continues to ascend slightly upward above the upside-sloping trendline.
At the same time, the Stochastic Relative Strength Index indicator keeps rising sharply despite the appearance of the last red price candle. As can be seen, it appears that bulls are significantly stronger at this point.
Dash 2 Trade Buyers Are in for More Profits
The D2T 1-hour market reveals that buyers are more likely to witness additional price increases. This is portrayed as a green price candle reappearing for the ongoing session following a red one. The previous session experienced some price decline, but the ongoing session showed that bulls are active as they have recovered significantly from previous losses.
Plus, this price candle has appeared above the middle limit of the Bollinger Bands and has pushed prices closer to the $0.005800 mark. Meanwhile, the RSI showed that upside traction is on the rise once more. Therefore, it is more probable that price action will proceed toward the $0.00600 mark. Also, you can check out the Dash 2 Trade month-end analysis about the cryptocurrency sector.
Our "End-of-month look-back" is out! Analyzing 5 points each for bulls and bears in the world of crypto.
🐂Bulls:
– US Congress advances CryptoBill, providing regulatory clarity and market opportunities.
– Biggest inflow of funds since Q4 2021, signaling a potential bullish…— Dash 2 Trade (@dash2_trade) August 4, 2023
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