Dash News

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

DASH/USD Chart By TradingView

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.

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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Paul Jolin