Dash Price Weekly Analysis – Can Buyers Overcome Hurdles?

Key Highlights

  • Dash price continued to surprise sellers as there was a major support area formed around 0.0110BTC.
  • A bearish trend line is formed, which buyers need to clear if they have to take the price higher.
  • A possible double bottom pattern is formed around 0.0110BTC, which might encourage buyers.

Dash price found support near 0.0110BTC, but buyers need to gain pace if they have to take the price higher.

What’s next?

There was no real action this past week in the Dash price, but there was a positive sign for bulls as a major support area was formed around 0.0110BTC. Sellers made several attempts to break the mentioned area but failed. There is a bearish trend line formed on the hourly chart, which is acting as a hurdle for buyers and stalling gains in the short term. A critical point to note is that the 100 hourly simple moving average is positioned around the same trend line and resistance area. There were increases in volumes noted around the highlighted resistance areas, which is a signal of buyers making an attempt to take the price higher.

Dash Price Weekly Analysis Dash Price<p><a href=Read more ... source: NewsBTC USA