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Buyers have resumed action in the Dash 2 Trade market. This has caused the token to refocus the price target at the $0.005000 price mark. At this point, price action is about to claim a notable support level to that effect. Let’s get a close-up view of price action in this market.
Dash 2 Trade: October 5, 2023
D2T Value: $0.004712
D2T Market Cap: $1,458,385
Dash 2 Trade Flowing Supply: 298.5M D2T
D2T Total Supply: 1 billion
Dash 2 Trade’s Ranking on CoinMarketCap: 2587
Major Price Levels:
Resistance: $0.004712, $0.004800, and $0.004900
Support: $0.004700, $0.004650, and $0.004600
Dash 2 Trade Price Action Challenges the Price Mark $0.004800 Resistance
After price action in the D2T 4-hour market had earlier challenged the $0.004800 mark and failed, buyers seem ready to deliver another trial. At this time, price action is showing promise of possibly breaking the once-held resistance price level.
The latest trading session on this chart can be seen already attempting to cross above the 50-day Moving Average curve. Simultaneously, the lines of the Moving Average Convergence Divergence MACD indicator lines can now be seen rising past the equilibrium level. Likewise, the last bar on this indicator can be seen in green above the equilibrium level. This shows that upside momentum is building up.
D2T Price Action Leaps off a 50-Day MA
Since the previous trading session, Dash 2 Trade’s price action has started leaping off the 50-day MA line. Additionally, the ongoing session seems to have significantly advanced the ongoing upside correction in this market, considering the size of the last price candle on this chart. It could also be seen that downward forces had lost momentum while an upside crossover had been initiated above the equilibrium level.
More buying may occur in this market at this point since traders may grow more confident of additional price increases towards the $0.005000 mark in this market. In addition, you can gain insight into the crypto market with our Smart Money insight, as BTC gained some upside traction in September.
🔍 Smart Money Insights🚀
September broke tradition with a green monthly Bitcoin candle. The market, though, seeks stronger catalysts for sustained confidence.
📊 Smart Money Stablecoin holdings: Slightly down to 14.6%, from a summer low of 12-13%.
🔄 Stablecoin exchange flow:… pic.twitter.com/ZuvBJST7E3
— Dash 2 Trade (@dash2_trade) October 4, 2023
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