- Dash price continued to find resistance and failed to clear a bearish trend line on the hourly chart.
- There is a monster hurdle forming around 0.0113BTC which must be cleared for more upsides.
- Buyers failed time and again to clear the 100 hourly simple moving average.
Dash price struggling to gain pace and failed to settle above 100 SMA, suggesting that buyers need momentum for more gains.
Yesterday, buyers made another attempt to take the price above a major bearish trend line on the hourly chart and the 100 SMA. However, they failed to gain strength, and as a result, there was no convincing move higher. The most critical point is that the trend line and 100 SMA confluence area is a significant resistance. So, buyers need momentum to take the price above 0.0113BTC. A break and successful close above the 100 SMA could ignite an upside wave in the near term.
If buyers manage to take the price higher, then the next hurdle may be around 0.0120BTC, i.e. positioned with the 23.6% Fib retracement level of