Dash Price Key Highlights
- Dash price traded higher and managed to clear a major bearish trend line as highlighted in yesterday’s analysis.
- However, buyers failed to hold gains, as there was a failure around 0.0119BTC.
- 0115BTC holds the key in the near term, as it acted as a support on many occasions.
Dash price is testing a major support area, which must hold if buyers want to prevent downsides.
Where is the price heading next?
We highlighted a bearish trend line on the hourly chart yesterday, and were anticipating a break Intraday. There was a break higher noted, as the price breached the bearish trend line and traded higher. It even broke the 100 hourly simple moving average. However, the upside found sellers around the 50% Fib retracement level of the last drop from 0.0128BTC to 0.0111BTC.
The price struggled to clear the mentioned fib level, and traded lower. The price even settled below the 100 SMA, but found support around the broken trend line. However, it is safe to say that