Dash Price Technical Analysis – Positive Signs for Bulls

Dash Price Key Highlights

  • Dash price continued to trade higher and looks set for a test of a major barrier around 0.0120BTC.
  • The broken bearish trend line as highlighted yesterday provided support on the downside move.
  • The price managed to settle above the 100 hourly simple moving average, which is a positive sign.

Dash price moving higher and settling above the 100 hourly SMA is a positive sign for buyers in the near term.

Retest of 0.0120 BTC

We highlighted yesterday that the 100 hourly simple moving average is acting as a barrier for buyers for more gains. However, buyers managed to clear the stated MA to set the tone for more gains in the near term. Now, the next level of selling interest could be seen around 0.0120BTC. The mentioned level represents a monster swing area, and also positioned with the 23.6% Fib retracement level of the last drop from 0.0147BTC to 0.0110BTC. There is a chance that buyers might struggle to clear the highlighted resistance area as it acted as a hurdle previously.

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If they manage to clear it and the

Read more ... source: TheBitcoinNews