Dash News

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.

Dash (DASH) Price News
DASH/USD Chart By TradingView

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.

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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