- 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.
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