dash 2 business (D2T), the closely followed crypto trading intelligence platform, is up 51% today at $0.020 as buyers snap up the token as product release rumors mount.
Listed on D2T get.io lbank, Changelly Pro, bitmart And Uniswap exchanges raised $15.42 million after a successful presale last week.
The price bounced off a strong support at the $0.13 level on Sunday the 15th.
Buyers are now piling up the token, partly due to the rise of bitcoin, on the back of a general recovery in crypto prices seen in the space.
However, it is likely that project fundamentals are acting to guide the purchase decision.
Dash 2 Trade Project Fundamentals Begin to Drive Price Action
Dash 2 Business, despite only being listed last week, is already a beta of its dashboard In the hands of its growing community.
Indeed, last week it was reported that were 7,000 sign-ups For open beta testing program.
The beta features a pre-sales section of the dashboard that provides comprehensive information and data on early-stage crypto projects raising funds for investors.
Product releases are premature – Autotrading coming soon?
Rumors have been doing the rounds on the community ever since the news broke out discord And elsewhere that project has yet more good news to come on the product development front.
An important part of the overall platform is the autotrading feature, which will allow clients to use their broker’s or exchange’s API to connect their Dash 2 Trade account to the service.
As such, it will enable trading strategies developed with the Dash 2 Trade Strategy Builder – due to be released in April – to be implemented as rules that can be executed at users’ preferred trading locations.
The value of the D2T token is driven by its utility as an access token to the trading analytics, bots, signals and social trading platform, which includes all of its features and functionality.
Subscribers to the platform will be required to pay with D2T, creating constant buying pressure and Token value due to cash flow Yield.
The dashboard that sits at the heart of the ecosystem has been released in April. The price of the token can be expected to increase as more features come out of development and are added to the current beta for community testers.
Dash 2 trade volume profile indicates strong buy entry points at these levels
From a technical analysis perspective the D2T was flashing oversold on the Relative Strength Index, which was falling just below the 30 level.
D2T price decisively broke above the 9-day simple moving average, although with so little trading history, not much can be read into that price indicator.
Price remains above SMA 9 at the time of writing
A more useful indicator, perhaps, is the volume profile, which measures the volume of orders at different price levels in a range.
The Point of Control (POC – red horizontal line in the chart above) reading – which represents the price at which the highest number of orders was traded – is $0.02018.
Buy signal confirmation on fixed range volume profile
Looking at the Fixed Price Range Volume Profile (in the chart at the top of this article), it confirms that the current price level is attracting the strongest interest from traders, and it takes a bullish turn as the price moves higher.
So around $0.019 is the level that is bullish price prediction Could see resistance flip to become support.
The potential for such growth is greater than elsewhere in the price range because PoC is, by definition, a high volume node. This means it is likely to provide the best risk-reward set-up and liquidity will be at its optimum level.
Again, we should note that the indicators are not as powerful when there is less data to work with, but the volume profile – widely used by pro traders – still tells us something very useful: We are a price level. Execute where the trend is most liquid.
Interested in D2T Trading? then follow this link: dash 2 business
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