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Dash 2 Trade encountered resistance when it hit the resistance at the $0.01220 price mark. Buyers tried to stage a resistance along the way but failed as price action retreated toward a strong base. However, it appears that buyers have found the long-sought support and have started a more significant upside rebound.
Dash 2 Trade: June 1, 2023
Dash 2 Trade Value: $0.01163
D2T Trade Market Cap: $3,497,510
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #3210
Major Price Levels:
Resistance: $0.01163, $0.01193, and $0.01243
Support: $0.01150, $0.01130, and $0.01110
D2T Appears Ready for a Significant Upside Move
In the D2T the 4-hour market price action has considerably pushed the lower limit of the applied Bollinger Bands indicator. And by the rule of the indicator, a push of either the lower or upper limit will result in a rebound—in this case, an upside rebound. Also, the rebound has only started, as can be seen in this chart. Furthermore, the Moving Average Convergence Divergence (MACD) indicator is also showing that this upside rebound may extend over a considerable distance, as downward forces are losing momentum for upside forces to gain momentum.
Dash 2 Trade Shows Potential for Extending Its Upside Retracement
Looking at the Dash 2 Trade 1-hour market, another trading session has begun, and what’s interesting is that buyers are already taking the lead. Here, the latest price candle is just inches away from surpassing the middle limit of the Bollinger Bands. Should price action rise above this limit, buyers will gain more bullish momentum. The line of the Relative Strength Index (RSI) indicator is ramping upwards into the overbought zone and portrays the nature of the price rebound. At this pace, this upside retracement may proceed through the $0.01210 mark. In addition, Investors and holders should note that development work is ongoing on Dash 2 Trade, and this token seems to be in good shape.
@BwareLabs did well in the Dash2Trade scoring system. Team, product, marketing and development scores were all good. 🦾 pic.twitter.com/wQszjadoTb
— Dash 2 Trade (@dash2_trade) May 31, 2023
Would you like to invest in a coin that has the potential to give you huge profits? Then you may want to give Dash 2 Trade (D2T) a trial. Buy D2T now!
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