Bulls in the Dash 2 Trade market are coming back to life, as price action seems to be gaining more upside momentum after hitting a physiological price level. It appears that price action may have triggered significant long orders. Let’s zoom in for a better view of this market movement.
Dash 2 Trade: May 18, 2023
Dash 2 Trade Value: $0.01131
D2T Trade Market Cap: $3,245,975
D2T Trade Block Flowing: 299 million
Dash 2 Trade Total Supply: 1 billion
D2T ranking on CoinMarketCap: #3115
Major Price Levels:
Resistance: $0.01131, $0.01162, and $0.01200
Support: $0.01111, $0.01100, and $0.01080
Dash 2 Trade (D2T) Price Movement is Ready to Reclaim Support Above the $0.01200 Price Mark
Dash 2 Trade’s price movements on the 4-hour market seem to have picked up some upward momentum after hitting the $0.01111 price level. The last green price candle on this chart has further taken the price off the lowest limit of the Bollinger Bands indicator. Simultaneously, the lines of the Moving Average Convergence Divergence indicator seem so close to each other, which suggests that a bullish crossover may be near. Also, the bar of the MACD is now pale red and very short. Consequently, this confirms that a bullish crossover is possible. Meanwhile, the Stochastic Relative Strength Index (RSI) is trending upwards, pointing out that bullish momentum is increasing.
D2T Price Is Set to Witness More Upside Retracement
In the D2T/USDT 1-hour market, price candles have burst through the resistance formed by the middle limit of the Bollinger Bands indicator. Also, the last price candle still seems to be some distance away from the middle band of this indicator. Meanwhile, the RSI and the MACD indicators are also suggesting a gain in upside momentum. The RSI can be seen in the overbought zone at 96.93 and 86.63. Traders may have concluded that a downward retracement may occur, but the MACD throws some optimism into this market. The bars of the MACD are growing taller, while its lines are now rising upwards following a bullish crossover. As a result, price action in this market seems to be heading toward the $0.01200 mark. It is beneficial to know that the D2T token offers a lot of benefits to both investors and users.
The #D2T dashboard operates on top of the #ETH #Blockchain.
The native digital asset of D2T is the $D2T token, an ERC-20 token that offers its holders a range of benefits such as access to the #D2T dashboard.
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— Dash 2 Trade (@dash2_trade) May 17, 2023
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