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Dash 2 Trade’s price recently broke through the price resistance level at the $0.009000 mark to reach around the $0.009190 mark. As of now, price activity seems to have found a strong support level at the $0.009080 mark. Also, price action now seems ready to take on much-elevated price resistance levels.
Dash 2 Trade: June 9, 2023
Dash 2 Trade Value: $0.009086
D2T Trade Market Cap: $3M
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #3322
Major Price Levels:
Resistance: $0.009086, $0.009140, and $0.009200
Support: $0.009050, $0.009010, and $0.008950
D2T Buyer Successful in Retaining Support Above the $0.009080 Mark
In previous trading sessions, price action in the Dash 2 Trade market broke above the 0.009000 mark to reach near the $0.01000 price level. However, headwinds were activated, but buyers fought back to keep the price stable above the $0.009080 mark. Also, since two trading sessions ago, price action has found support above the 9-days Moving Average (MA) curve. A new session has begun in favor of buyers above the MA line. Meanwhile, the Relative Strength Index (RSI) curves are rising steeply upward toward the overbought region. Both the RSI and the MA are suggesting that prices may climb higher as we progress into today’s trading.
Dash 2 Trade Bulls Continue to Push for More Upside Retracement
Even on the D2T 1-hour market, buyers have kept price action focused on its upside path. This can be seen through the last price candlestick on this chart, as it was able to keep the current price level at the 9-day MA line. Although the RSI indicator lines are trending downward, it could be seen that the leading line is already bent toward the lagging ones. Consequently, this suggests that upside forces are making progress in trying to keep price action on an upside path. Therefore, traders can expect a retracement towards the $0.009600 mark. Also, concerning the recent face-off between the SEC and the crypto industry, traders should know that the crypto industry is fast developing and the SEC seems ill-equipped to regulate it.
5. Everyone knows it’s a political issue rather than applying the right governance. #SEC chair @GaryGensler knows his time at the SEC is running out. There have been proposals from congress of a reconstruction of the SEC. Political winds change.
— Dash 2 Trade (@dash2_trade) June 7, 2023
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