Dash Price Key Highlights
- Dash price struggled to trade higher and continued to trade in a range with a major support at 0.0110BTC.
- There is a contracting triangle pattern formed on the hourly chart, which might act as a catalyst for the next move.
- One bearish sign is that the price is struggling to clear the 100 hourly simple moving average.
Dash price trading in a range, but looks poised for a short-term break as there is a triangle pattern forming on the hourly chart.
The Dash price continued to weaken and failed on many occasions to trade below 0.0110BTC. The most important bearish sign is that the price is below the 100 hourly simple moving average. As long as there is no break above the stated MA, the price might remain under pressure. Looking at the daily timeframe we can see that the price has been ranging for some time, and struggling to trade with one sentiment.
Now, there is a contracting triangle pattern formed on the hourly chart, which is on the verge of a break. It