Dash Price Weekly Analysis – Poised For Losses

Key Highlights

  • As mentioned in the previous week analysis the Dash price faced an important resistance area around 0.0118BTC.
  • The price failed to break the mentioned area and traded lower to move towards the last swing low of 0.0111BTC.
  • The 100 hourly simple moving average is above the current price and acting as a hurdle for buyers.

Dash price every attempt to move higher was invalidated as sellers appeared every time to defend the upside.

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100 hourly SMA Resistance

We highlighted in one of the previous week’s analyses that there is a bearish trend line on the hourly chart, which acted as a hurdle for buyers. Now, the price is below the 100 hourly simple moving average, and stalling the upside and acting as a resistance for more upsides. There is a chance that the price might head towards 0.0111BTC, as there was a major break noted recently. There was a critical support noted around 0.0115BTC, which provided support for a long time, but was breached by sellers during the last week analysis.


If the price moves higher from the current levels, then

Read more ... source: TheBitcoinNews