DENT Technical Analysis: Watch Out for a Bearish Trend Below $0.008917


DENT was launched in 2017 and is a digital mobile operator. It provides its users with eSIM cards, mobile data plans, call top-ups, and a roaming-free experience. With the help of blockchain technology, DENT powers to create a global marketplace for mobile data liberalization.

By the end of the year 2021, DENT plans to extend its services to new markets. The company already has a user database of 25 million devices and the services are available in more than 140 countries.

Past Performance

Between April 21 and April 28, 2021,  DENT showed a high at $0.01288 and a low at $0.0050. Thus, in the past week, the DENT price has surged by approximately 11%. In 2021, DENT surged by 15774.88%. It has traded between $0.0123 and $0.0124 for the past 24 hours.

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https://s3.tradingview.com/snapshots/i/I2984qgx.png

Day Ahead And Tomorrow

At the time of writing, DENT is trading at $0.01124, which is 18.56% higher than its previous day’s closing price. Thus, already giving a bullish outlook to the trend it has recorded a market cap of $1,052,258,881.55. This is a 19.46% high during the past 24 hours.

The MACD signal line is preparing to cross from above and thus giving a short-term bearish signal, as the MACD fast line is also trending upward. We can see a trend reversal for a short-term span.

The RSI is at equilibrium currently, suggesting a less volatile period. RSI at the equilibrium shows that the buyers and sellers are canceling each other out.

The A/D indicator has fallen steeply. Thus, whale distributions are higher than whale accumulations. High selling volumes will exert downward pressure on the DENT price.

DENT Technical Analysis

Watch out for levels that the trend 23.6% FIB retracement level suggests. These are $0.016450, which shows a strong resistance. If it breaks the resistance, then the next level it can touch is $0.019746 as per 50% FIB retracement level and thus confirming a bullish trend.

On the other hand, if we see a retracement on the downside, there is strong support at $0.008917. If the price movement breaches the support level it’ll confirm a bearish trend.

 
 



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