- Dash price made another attempt to trade above 0.0130BTC, but failed.
- It looks like there is a double top pattern forming, which if turns out to be true might push the price lower.
- The price has settled below the 100 hourly simple moving average, which is a bearish sign in the short term.
Dash price failing around 0.0130BTC is a warning sign and might take it lower moving ahead.
We were anticipating a break in the Dash price this past week, and that did happen. The price moved higher, but found resistance around 0.0130BTC which ignited a downside reaction. However, buyers pushed the price back higher one more time, but the most surprising part was the fact that 0.0130BTC once again stalled the upside move. The mentioned scenario created a double top pattern on the hourly chart, and can be seen as a warning sign to buyers.
The price is currently around the Lower Bollinger Band, which is sitting around a critical bullish trend line on the hourly chart. Moreover,