Dash 2 Trade (D2T/USD) Secures Strong Support at $0.0012
The price of D2T/USD has comfortably established the $0.0012 level as support after surging toward the $0.0014 price point over the past few days. Following difficulty in surpassing this resistance level, the bears gained the upper hand, capitalizing on market volatility and causing the price to retract back to $0.0012. However, the ability of bulls to rebound at this level indicates a firm control over the market, suggesting that the price is likely to rise again toward the $0.0014 level.
Key Levels to Watch:
- Resistance: $0.015, $0.016, and $0.017
- Support: $0.00075, $0.00070, and $0.00065
D2T/USD Price Analysis from an Indicator Perspective
Since the last week of December, the D2T/USD market has exhibited a consistent upward trend, as evidenced by ascending lows that highlight the momentum of the bullish run. However, bearish forces have emerged around the $0.0014 price level, indicating significant resistance and bearish sentiment at this point, which has held strong for the past two weeks. Despite this, the ascending lows suggest that bulls are steadily applying pressure on the resistance level. If the bulls can sustain their position at the $0.0012 support level against the ongoing bearish pressure, the market may be poised for a breakout. A rebound from this higher level could potentially push the price above the $0.0014 resistance level.
Short-Term Outlook for Dash 2 Trade: 1-Hour Chart
In recent trading sessions, bulls have demonstrated resilience above the critical $0.0012 price level, persistently applying pressure on the $0.0014 resistance. Notably, the bulls have successfully maintained the price action above $0.0012, which coincides with the position of the 20-day moving average. The price action remaining above the 20-day moving average is a positive indicator, highlighting the strength of the bulls in the market and increasing the likelihood of a breakout.
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— Dash 2 Trade (@dash2_trade) January 6, 2025
Dash 2 Trade (D2T) is worth exploring. Buy D2T now!
