- Dash price continued to stay above 0.0125BTC, and looking for a break in the near term.
- There are chances that the price might break down, as many negative signals aligned favoring sellers moving ahead.
- The price is below the 100 4H SMA, which could encourage sellers.
Dash price is trading in a range and is looking for a break either lower or higher looking ahead.
The Dash price struggled to keep pace as there was a downside reaction after trading as high as 0.0157BTC. However, as we all know there is a major support around 0.0125BTC, which acted as a barrier time and again. The mentioned area acted as a support and resistance on many occasions, which is the reason why there is a chance that buyers might be able to defend the mentioned support area.
There is a bearish trend line formed on the 4-hours chart, which is acting as a resistance for buyers in the short term. The most important point is the fact that the price is currently below the 100 SMA, which is a discouraging sign for buyers. Moreover, the 4H RSI is below the 50 level, suggesting sellers are active