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Dent after Friday's 23% surge



 Dent (DENT / USD) saw a huge spike in purchase volume on Friday, propelling the price from $ 0.003 to $ 0.005 in just one day, a 38% increase. Dent Coin has attracted the attention of many investors due to its unique properties, DENT is the global exchange for mobile data. It enables smartphone users to sell, buy, and donate their surplus mobile data just like any other merchandise.

However, last month did not go well for Dent investors as it fell over 60% from November highs. That said, a recent rally that began this week helped the price jump over 50% in just a few days. Plus, this could just be the start of a rally in Dent. Should investors buy Dent in hopes of another rally?

Here's what the charts suggest:

  • Dent fell sharply last month as there were no signs of a turnaround. However, a recent rally has helped the price rebound by over 50%. Dent broke strong resistance on Friday, which is a positive sign for the weeks to come.

  • Dent is trading in the zone it was trading a few months ago, so it looks like it will not revert to its previous levels.

  • Investors can take long entries as long as Dent is above the $ 0.0046 support level. Additionally, investors can also wait for Dent to trade above the 50-day moving average.

  • It looks like Dent will test the support zone in the coming days and if it is able to hold up above the zone, investors can look for long entries.

  • Investors can set a target of $ 0.0062 followed by $ 0.007.

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