For the past few days of struggle around the $0.012 price level, the Dash 2 trade bulls have been able to keep a firm grip on the $0.011 as the last line of defense. Towards the end of May, a higher support level was secured at the $0.0116 price level in proximity to the $0.012 resistance price level. However, bulls lost grip on this price level, and the market is falling back to the major support level.
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.010, $0.009, and $0.008
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The D2T bullish support appears to be just as strong as the main resistance level, and this is responsible for the sideways ranging of the market. The mini bearish move of the market is reversing after hitting the $0.011 support level. The bullish move is very significant, and the market has now caught up with the 20-day moving average. However, the volume indication did not commensurate with the level of market activity in today’s market.
D2T/USD Short-Term Outlook: 1-Hour Chart
The market is set for a bullish trend, but the volume of trade is a bit in short supply. This, according to the Bollinger Bands indicator, could be the reason for the low price volatility. Despite the significant bullish move in today’s market, the Bollinger indicator did not respond much. From the standpoint of the 1–hour timeframe, the market is in the buy zone.
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