Lately, the Dash 2 Trade market has seen some significant struggles around the $0.01 price level. The D2T bulls tried to reclaim the $0.01 price level, which was formally the bullish support, but it was claimed by the bears. In the latter part of the previous session, bulls were forced to fall to the $0.009 price level as a support and a baseline for the price recovery.
Key Levels
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.009, $0.008, and $0.007
Dash 2 Trade (D2TUSD) Price Analysis: The Indicators’ Point of View
The appearance of a long-legged doji candlestick in the first four-hour session of the previous trading session suggests a serious tug-of-war between demand and supply with no significant change in the price level. The first three trading sessions were like this, and then the bulls eventually succumbed to pressure in the fourth session. They were forced to take refuge at the $0.009 price level. Although, according to the indicators, the Dash 2 Trade market is in the sell zone, being close to the threshold of oversold territory, the likelihood of an upside rebound is very likely.
D2T/USD Short-Term Outlook: 1-Hour Chart
The D2T market has come far into the demand zone. Investors should start buying the dip now because of the high possibility of an upside market move. We see the market struggling around the $0.009 price level, and the Bollinger Bands converges against the price action, showing that it is very likely to break out decisively soon.
Although SEC tries to regulate cryptocurrency, the momentum is too great.
SEC trying to regulate crypto but the momentum is too strong lol🤣🤣#tradingmemes pic.twitter.com/UVsW4ey1FB
— Trading Memes Factory (@tradingmemesfac) June 7, 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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