- Dash price continued to trade in a range as there was no break below 0.0110BTC.
- As highlighted this past week there is a bearish trend line formed on the hourly chart, which continued to act as a barrier.
- The price is struggling to settle above the 100 hourly simple moving average, which is a negative call for buyers.
Dash price found support around 0.0110BTC one more time, which caused an upside reaction this past week.
Trend Line Break
The Dash price struggled to clear the range formed, and traded between 0.0110BTC and 0.0120BTC. There was a lot of bearish pressure on the price this past week, which pushed the price towards 0.0110BTC but buyers managed to protect a break. There is a bearish trend line formed on the hourly chart, which is continued to stall gains every time the price attempted to trade higher. The most important point is the fact that the price is also below the 100 hourly simple moving average, which is worrying sign for buyers. So, it might be a tough task for them to take the price higher and clear the highlighted trend line and resistance area.