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Price action in the Dash 2 Trade market has regained its upside focus after testing support near the $0.007450 price mark. As a result, price action seems to be testing a very important resistance level at this point.
D2T: June 29, 2023
Dash 2 Trade Value: $0.007476
D2T Trade Market Cap: $2,233,985
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #3335
Major Price Levels:
Resistance: $0.007476, $0.007500, and $0.007613
Support: $0.007450, $0.007400, and $0.007350
Dash 2 Trade Buyers Are Nearing the $0.007500 Resistance Price Mark
After price action in the Dash 2 Trade market rebounded from support, it is now closing in on the $0.007500 price mark as resistance.
The last price candle on this 4-hour chart is a green one, which appears fairly larger than recent ones. This suggests that upside momentum is getting stronger.
Meanwhile, the Relative Strength Index indicator can be seen preparing a bullish crossover above level twenty of the indicator.
An eventual crossover here on the RSI implies that price action may have found a higher support level, which may give way for more upside price retracement towards the $0.007500 mark.
D2T Keeps Gaining Upward Momentum
Coming to the Dash 2 Trade 1-hour mark, there are signs that price action has kept on gaining upside traction.
The price candle for the just concluded trading session can be seen sitting above the 9-day Moving Average (MA) curve. At the same time, the one for the ongoing session is now getting closer to the 21-day MA line.
The RSI curves can now be seen ramping upwards, with the leading line now nearing the 40 level of the indicator. The behavior of the RSI hints at the fact that prices may rise upwards with increased strength at this point.
Therefore, traders can anticipate a price retracement toward the $0.07600 mark shortly. Also, you should know that sentiments surrounding the cryptocurrency market are improving more, as notable institutions are entering the crypto space.
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✨Exciting times in crypto! Institutions like Blackrock enter the space, boosting bullish sentiments. MicroStrategy acquires 12.333 BTC, fueling positive outlook. pic.twitter.com/sY1CcNoX1J— Dash 2 Trade (@dash2_trade) June 29, 2023
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