Dash (DASH) Corrects Down to $78 After Hitting $90 Yet Appears Bullish
Dash coin has been successful in raising its price bar again after facing a huge price crash in March. The past two months were a roller coaster ride for the currency as in the said timeframe, it reflected huge price fluctuations and traded in the range of $31 – $94. Since mid of March, the price trend of DASH/USD marked tremendous recovery despite the recent moderate correction.
Dash Price Analysis
DASH coin continues to trade above $78 mark stably after facing moderate price correction from the past few days. If we look at the price trend of Dash against the US Dollar, it was trading on a high of $94.4696 on March 08. However, from this high, the currency faced a huge price crash and fell to $31.47, but then, it gathered upside momentum and managed to reflect a strong recovery by reaching $81.8431 on March 20.
Further, the coin marked moderate correction but managed to trade above $60 mark till the end of the month. Later, Dash price marked upside movement and continued to trade with steady upside momentum. It reached a high of $84.7056 after hitting its resistance at $84.63. After that, the coin again faced a slight fall but managed to hold its ground above $70. Then, it reflected a bullish move and crossed $90 mark, but again faced rejection and started trading downwards.
Today, at press time, Dash price spotted at $78.48; however, it still holds bullish momentum as it persists the month-long upside trendline. In the upcoming days, if the currency manages to trade upwards, it might cross its immediate resistance $84. The MACD indicator reflects a bullish signal as the MACD line crossed the Signal line recently. As per the current price movement, DASH coin may trade stably for a while, but later, it may test $84 mark.