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DASH price analysis: DASH/USD spikes upon going live on Paycent mobile app for P2P payments

  • Paycent’s allows fast fiat and crypto conversions, while it also can be used to make purchases worldwide.
  • DASH price short-term support is at $455, but 50% Fibo will support the price as well.

DASH price has been on an incredible upside trend after recovering from the dip during the session yesterday. DASH/USD is up over 5% in the last 24 hours, besides it has broken above the resistance level at $440-$450, and briefly traded above $460. The price is, however, trading at $456, although downside correction is in progress as seen on the charts.

DASH has been added to Texcent’s subsidiary application, Paycent. The platform allows users to buy and sell various virtual currencies and exchange them with fiat. Moreover,Paycent’s transactions are really fast beside, it supports both iOS and Android devices. Merchants can also accept DASH payments owing to the fast crypto to fiat conversions on the app. The application can be downloaded worldwide on both Google Play Store and Apple Store.

“One of the reservations the average day person or shop owner has with utilizing cryptocurrencies is transaction settlement times. No other digital asset can compete with Dash’s InstantSend transaction speed. Dash allows merchants the ability to receive payments instantly by a customer, making Dash one of the first entries into real-life consumer payments making it no different as if you were to swipe a credit or debit card.”

DASH price analysis

DASH price exchanged hands above $460, but selling pressure pushed it back in the $450 range. DASH/USD has formed a short-term support at $455, but a stronger support is provided by the 50% Fib retracement level with the past swing high of $488 and a low $412 close to $450. Further declines below this level will be halted by another support highlighted at $440. O the upside, the 61.8% Fib will offer resistance as the price attempts to retrace higher towards $460. A break above $460 could open the way for further upside movements towards the coveted $500.

DASH/USD 15′ chart


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