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Dash 2 Trade (D2T/USD) Bulls Revise Strategy as They Converge at $0.006

Johnathon Fox
12/25/2023 | UPDATED ON: 12/25/2023

Following the Dash 2 Trade market’s peak at $0.0078 in mid-December, it stabilized around the $0.006 price level, which has served as a consistent support since that time. This level has consistently demonstrated resilience against bearish pressure. It is plausible that the market could soon retest the $0.0078 mark.

Key Levels

  • Resistance: $0.010, $0.011, and $0.012.
  • Support: $0.004, $0.003, and $0.002.

Dash 2 Trade (D2T/USD) Bulls Revise Strategy as They Converge at $0.006

Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View

Recently, the market has exhibited a downward swing below the 20-day moving average. However, the robust bullish defense around the $0.006 price level, established since December 16th, remains evident. Currently, the bulls are assessing the potential to drive the market towards the $0.0078 mark. Observing the recent candlestick patterns around $0.006 reveals notable lower shadows, indicating strong bullish activity and suggesting a potential upward price rally toward the target.

Dash 2 Trade (D2T/USD) Bulls Revise Strategy as They Converge at $0.006

D2T/USD Short-Term Outlook: 1-Hour Chart

Market volatility has been subsiding since December 21st, potentially signaling an impending upward price movement. While the indicators utilized in this analysis suggest a negative market sentiment, the current market activity remains within this zone. Nevertheless, bulls are actively assessing the potential to drive the price towards the $0.0078 level.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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