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After the Dash market overcome the resistance at the $37 price level on November 23, the eyes of the buyers were set on the $45 price level. But, the selling pressure increases as they approach the $45 price level. This made the market pull back as the price get rejected. However, because the market is still bullish, a support level was quickly secured at $40 for the continuation of the bullish trend. DASH/USD Is Back to the $45 Price Level
Dash Classic Market Price Statistic:
- DASH/USD price now: $43.7
- DASH/USD market cap: $473,197,614
- DASH/USD circulating supply:11,028,517.68
- DASH/USD total supply: 11,028,518
- DASH/USD coin market ranking: #71
Key Levels
- Resistance: $50, $55, $60
- Support: $40, $35, $30
Dash Market Price Analysis: The Indicators’ Point of View
With today’s bullish market move, the Bollinger indicator has now assumed an upward movement for the market. However, there remains one more test for the bullish trend. The buyers must capture the $45 resistance level. This will ensure the continuation of the trend to the upside.
DASH/USD 4-Hour Chart Outlook
As we look at this market from this point of view, we discover that the $45 price level is a difficult point in the market. Many of the traders have set their targets at the $45 level However, the buyers maintain their demand zone in proximity to the resistance level. This is to give them an edge as they attempt to capture the resistance level.
Like the Dash 2 Trade, the Dash market can also be referred to as an up-trending market. A trending market is good for traders as it makes the liquidity of assets easy for them. And it also increases their chances for more profit on investment. A novel platform like the Dash 2 Trade now needs to be well-developed to help traders reduce loss. The FTX disaster shows that there is a need for a cutting-edge and innovative platform that can detect disasters that are similar to FTX/FTT, and enable speculators to identify safer trading signals that will ensure huge returns on investments. Dash 2 Trade (D2T) is such a platform, and its presale is currently ongoing. So far, the presale has realized about $7.5 million. D2T affiliate program is also open to all. You can earn your share of the revenue by using the Dash 2 Trade referral links!
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