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Dash 2 Trade (D2T/USD) Stalls Near $0.0024 as Bulls and Bears Battle

Johnathon Fox
07/29/2024 | UPDATED ON: 07/29/2024

The recent bearish trend ended at the $0.0023 price level, leading to the emergence of bullish dominance. However, as the Dash 2 Trade market surged to approximately $0.0024, it faced increasing headwind pressure. This ultimately halted the progress of the bull market at around the $0.0024 level. A closer examination of the chart reveals substantial struggle and significant price swings within each trading session, indicating high investor interest in the market.

Key Levels to Watch:

  • Resistance: $0.015, $0.016, and $0.017
  • Support: $0.0020, $0.0018, and $0.0017

Dash 2 Trade (D2T/USD) Stalls Near $0.0024 as Bulls and Bears Battle

Dash 2 Trade (D2T/USD) Price Analysis: The Indicators’ Point of View

Although the chart indicates minimal trading volume, the frequency of upper and lower shadows on the candlesticks representing recent trading sessions suggests a highly volatile market. Despite the volatility, neither the demand nor the supply side has been able to gain dominance. This has caused the market to range sideways, currently in consolidation. However, recently, the bull market has established strong support at the $0.00245 price level. For now, the market may not be able to claim dominance over the $0.0025 price level until the volatility decreases.

Dash 2 Trade (D2T/USD) Stalls Near $0.0024 as Bulls and Bears Battle

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

Even from this perspective, the trading volume appears low, but the volatility remains high. The support level holds steady at $0.00245. Additionally, the price action is gaining momentum despite bearish pressure attempting to resist the market’s ascent towards the key price level. Investors should note the nearby resistance at $0.00248. A breakout at this level is crucial for the continuation of the trend.

Buy D2T/USD!

🚀Smart Money Insights📊

Smart Money is individuals & entities who are seen as experienced & informed, often signaling future trends.

These are the top 5 Smart Money buys past 24-hours:$PENDLE$GMEE$MOG$COMP$AAVE

Visit our Discord for deep dives on Smart Money activity pic.twitter.com/cdtex177sg

— Dash 2 Trade (@dash2_trade) July 28, 2024

Dash 2 Trade (D2T) is worth exploring. Buy D2T now!

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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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