Dash Price Key Highlights
- As highlighted in the weekly analysis, the Dash price completed a sell pattern and moved lower.
- More losses are likely, as sellers remain in control and look to take the price lower.
- A bearish trend line is formed, which if broken might call for a change in the trend.
Dash price continued to weaken and might move further lower as long as sellers remain in control.
Trend Line Resistance
As anticipated earlier there was a major downside reaction in the Dash price, as it fell below a major support area of 0.0120BTC which ignited a sell rally. The price traded as low as 0.0111BTC where it found support and moved back higher. However, there is now a bearish trend line formed on the hourly chart, which is acting as a hurdle for more upsides. Moreover, the 50% Fib retracement level of the last drop from 0.0128BTC to 0.0111BTC also serving as a resistance for the price and helping sellers to remain in control.
There is also one important point to