For now, Dash 2 Trade bears have gathered around the $0.03 level, resisting the bullish progress, but the bulls are resilient. They make steady progress toward the key resistance level as they test it repeatedly. Although the bulls were also repeatedly forced to pull back to the support level, the lower price levels were not an option for the bull market. They held strong to their price line—the $0.029 price level.
Key Levels
- Resistance: $0.060, $0.065, and $0.070
- Support: $0.020, $0.0025, and $0.030
Dash 2 Trade (D2T) Price Analysis: The Indicators’ Point of View
After the strong bearish move that opened the daily session on March 29, the market settled into a price consolidation trend around the $0.029 price level. The Dash 2 Trade sellers also tried to capture the $0.029 price, but this quest failed as the bulls launched from the $0.027 level to recapture the price level. They forced the bears back to the $0.03 price level. The Bollinger Bands indicator portrays the horizontally level moving market. The recent behavior of the indicator line of the Relative Strength Index (RSI) is almost looking like a straight line. But with the recent resistance level testing and slight advancement of the bull market, the resistance level may be ready to give way for a bullish run.
D2T/USD Short-Term Outlook: (1-Hour Chart)
From this perspective, we see that the bear market seems to be responsive to the bull market. As the bullish price is repeatedly rejected, it keeps falling back to the equilibrium level of the market. It did not fall below it. The price did not fall below the 20-day moving average. That means that even though demand and supply struggle, bulls still retain the upper hand. The volume of trade is increasing, and this encourages the bull market.
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