The Dash 2 Trade market is gradually approaching the $0.007 resistance level. The bullish price briefly surged towards the $0.0075 price level on two occasions, on August 19 and on August 21, which constituted the prior daily trading session. The market is gradually entering this price zone, which is the $0.007 price zone, and the repeated testing of this price level has the potential to establish $0.0075 as the new resistance level.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.005, $0.004, and $0.003.
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
Between yesterday and today, the Dash 2 Trade price encountered significant contention between demand and supply around the $0.007 price level. The price displayed volatile oscillations around this mark; however, once the bulls successfully established support at the $0.00686 price level, the market’s price surged above the $0.007 threshold. Buyers now need to locate a support level beyond this point to solidify their position within this new price range.
Having secured a fresh demand level at the $0.007 price mark, the subsequent psychological barrier will likely manifest at the $0.0075 price level. This deduction stems from the consistent testing of price levels near $0.0075. Should the bulls manage to conquer this level as well, their next objective will be set at $0.008.
In the Bollinger Bands indicator, the upper standard deviation curve is exhibiting greater movement compared to the lower standard deviation. This disparity underscores the strength of the bulls and enhances the likelihood of realizing this projection.
D2T/USD Short-Term Outlook: 1-Hour Chart
The repetitive testing of the $0.0075 price level has the potential to culminate in a breakout, provided the demand side accumulates sufficient momentum. Initially, the market had been probing resistance levels near the $0.0075 price tier, having approached from beneath the $0.007 level. However, with the current price action situated above this threshold, the Dash 2 Trade market could gather momentum aimed at the pivotal price point, ultimately resulting in a successful breach.
Dash 2 Trade is adding new updates to the platform.
Dash 2 Trade Development Update:
22.08.2023Optimized event filters, improved dev tools, backend package upgrades, enhanced logging and implemented performance enhancements.
-Disable unused tags and timeframes in event filters
-Various dev tool improvements
-Package upgrades on… pic.twitter.com/b4CBT0E0ud— Dash 2 Trade (@dash2_trade) August 22, 2023
Do you want a coin with great potential for enormous returns? Dash 2 Trade (D2T) is that coin. Buy D2T now!
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