Dash Price Technical Analysis – Retest of 0.0110BTC

Dash Price Key Highlights

  • Dash price finally moved lower and retested the last swing low of 0.0110BTC.
  • The price is still below the 100 hourly simple moving average, which is concerning and might ignite more losses.
  • It would be interesting to see how the price trades in the near term and whether it gain bids around 0.0110BTC or not.

Dash price continued to move lower and finally tested 0.0110BTC as anticipated in one of the previous posts.

Downside Break?

We stated many times that 0.0120BTC is a major resistance, and recently it played well. There was a downside reaction around from the stated level, and the price breached an important support trend line on the hourly chart to trade lower. The price also settled below the 100 hourly simple moving average, which is a bearish sign. The price retested 0.0110BTC, which holds a lot of importance in the near term. The mentioned level is a previous swing area, so we might witness a strong reaction around it.

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We need to see if sellers can manage to clear 0.0110BTC or not. A break below

Read more ... source: TheBitcoinNews