Dash Price Technical Analysis – More Gains Likely

Key Highlights

  • Dash price moved higher, but failed to clear a couple of major resistance levels.
  • It looks like buyers might be able to push the price higher, as there is a critical support trend line positioned on the downside.
  • 100 hourly simple moving average is aligned with 0.0125BTC, which represents a major support area.

Dash price is showing signs of more gains, but buyers need to gain momentum before they can push prices higher.

Push Higher?

The price managed to climb higher recently to trade near 0.0144BTC where it found sellers. The stated level was coinciding with the 61.8% Fib retracement level of the last drop from 0.0157BTC to 0.0124BTC, which suggests that an upside wave is likely over. There was an upside reaction noted after the rejection, as the price moved lower and traded towards a major bullish trend line on the hourly chart. The highlighted trend line is playing a major role in protecting downsides, and it might be that there is an upside move in the near term.


On the upside, the most important resistance is around the 61.8% Fib retracement level. Any further upsides

Read more ... source: NewsBTC USA