Dash Awaits to Hit Above the Major Resistance at $80
Dash (DASH), at the time of penning down this article, was trading at $79.42 and had retained steady support from 50-day and 200-day daily moving average at $75 and $70, respectively. Just when we see BTC price facing an intraday accumulation around $7.2k after it steeply rose above $7k. On the other hand, we see DASH drawing a subtle uptrend, which we had even noticed in the price trend of BSV; it looks like alts have been taking the toll.
Dash Price Analysis
On a 4-hourly chart, if we carefully notice the price trend of DASH against the US Dollar, we see a notable uptrend after the coin crossed above $70 and has been above it since then, effortlessly. This action has taken the coin to stay above 38.20% Fib Retracement level persistently. The 20-day Bollinger Bands show that the volatility is at bay, and we do not project any precedented movement, yet a bullish crossover above $80. Currently, the price trend of Dash currency is hitting the upper 20-day Bollinger Band and is likely to have a bullish close to the day until there is a major pullback.
Simultaneously, as the market is no less than an unpredictable space, on the downside, $77 and $75 are the supports to watch out for. However, price accumulation has taken a serious toll this time, which rightly happened from the last week of the previous month DASH price crossed above $70 in the first week of the ongoing month. Therefore, we assume $70 to be the psychological support hereafter; it breaches the support within the range of $70 to $80. RSI of the Dash coin is withholding no extremities as it lies at 52.76, at the time of writing.