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Technical indications arising from the Dash 2 Trade market reveal that traders have resumed going bullish on this token. Consequently, this has caused its price action to regain an upside trajectory and seem ready to keep rising.
D2T: September 28, 2023
Dash 2 Trade Value: $0.005517
Dash 2 Trade Market Cap: $1,611,854
D2T Flowing Supply: 298.5M D2T
Dash 2 Trade Total Supply: 1 billion
D2T’s Ranking on CoinMarketCap: 2631
Major Price Levels:
Resistance: $0.005517, $0.005600, and $0.005700
Support: $0.005500, $0.005400, and $0.005300
Dash 2 Trade Price Action Targets the $0.005600 Resistance
Price action in the Dash 2 Trade four-hour market supports the opinion that buyers may have picked a nearby target at the 0.005600 price mark. This seems like a very close-by mark but has the potential to unlock more upside thrust for this token, as it will offer more buying confidence to traders.
Also, the Relative Strength Indicator (RSI) curves have kept rising upward toward the overbought region. However, these curves are still below the 50 mark. Consequently, this hints that the upside momentum still has some room to develop, enough to cross some key levels in this market.
D2T Stays on Its Upside Path
The 1-hour market has further revealed the happenings in the D2T market. It could be seen that the token is fighting some downward forces. However, it is revealed that downward forces haven’t been able to defeat the gains recorded in the past two trading sessions. To strengthen this, the RSI lines can be seen retaining their upside trajectory despite the activity of downward forces.
This shows that buyers are very strong in this market and are determined to keep forging ahead towards higher marks. Consequently, it appears that price action may advance toward the resistance at the $0.005650 price level. Additionally, the Dash 2 Trade Smart Money insight reveals that Bitcoin has been steady, rising by just 1%, while the smart money stablecoin hold seems constant.
🔍 Smart Money Insights🚀
👀 As "Red September" winds down, Bitcoin has held relatively steady, up just over 1% for the month. Smart Money's stablecoin holdings remain around 15-16%, showing no significant change in sentiment. But there's more to the story.
🚀 DeFiLlama data is… pic.twitter.com/Nq4WV0vQhD
— Dash 2 Trade (@dash2_trade) September 27, 2023
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