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About four trading sessions ago, bears caused a major upset in the Dash 2 Trade market. This saw prices fall back below a physiological support level. However, bulls resumed action and seem to have set a new upside course for price action in this market.
D2T: June 30, 2023
Dash 2 Trade Value: $0.007403
D2T Trade Market Cap: $2,150,558
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #3241
Major Price Levels:
Resistance: $0.007403, $0.007500, and $0.007600
Support: $0.007400, $0.007300, and $0.007200
Dash 2 Trade Buyers Are Now Testing the Resistance Near $0.007430
Buyers in the Dash 2 Trade market appear to have regained control, as earlier stated. Consequently, this has placed price movement on the right path toward attaining higher ground.
The ongoing trading session is showing that price action is already eying the $0.007430 level, as the wick of this price candle is already testing the 9-day Moving average line.
Simultaneously, it can be seen that the Relative Strength Index (RSI) indicator has just delivered a bullish crossover.
Also, the terminals of these lines have an upside bearing and are now close to hitting the 40 mark of the indicator. This attests to the possibility of the price gaining more upside traction.
D2T Buyers Maintain a Promising Position
Extending the D2T price analysis to a 1-hour time frame, one can perceive that price action is residing at a physiological support level. The last price candlestick on this chart can be seen sitting above the 9-day MA line.
Meanwhile, the RSI indicator is revealing that upside momentum is on the rise. This can be observed as the lines of the indicator continue to rise into the overbought region.
At this point, it can be seen that the leading line is already above the 60 mark of the indicator.
Consequently, traders can expect a retracement towards the $0.007600 mark. As a crypto trader, you should take note that the crypto market is gradually recovering as institutions are investing in the industry.
💼Smart Money Update: Token Insights🚀
1/3
✨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
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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