- Dash stays in the green amid general market retracement.
- Dash bulls target $100 psychological as long as they can break above $80.00 resistance.
Dash is the bull among a sloth of bears. The digital asset has sustained the gains in spite of the entire market trimming the gains. Cryptocurrencies spiked incredibly over the last weekend ending a period of devastating declines and low trading activity. The volatility seems to be back but Dash is currently giving a blind eye to record gains while all the top 20 digital assets stay in the red.
After it reclaimed the position above the resistance turned support at $74.00, DASH/USD pulled up further above $76.00. In fact, at press time, it is trading $79.389. It is only a matter of time before Dash jumps above $80.00. According to the technical levels on the chart, a correction above $80.00 will pave the way towards $90.00 and eventually bring the psychological $100 in sight.
For instance, the Relative Strength Index (RSI) in the 2-hour range has reentered the oversold region to show that the bulls have the control and will continue to influence the direction of the price in the short-term. The Moving Average Convergence Divergence (MACD) in the same range is heading north. The forming engulfing candle will soon break above $80.00.
In the event a reversal occurs, Dash will find refuge at $74.00 and the support zone at $66.00 but before that, the trendline support will try to limit the losses.
DASH/USD 2-hour range
DASH/USD bulls take over the market – Technical Analysis
- DASH/USD bulls take over the market as the price sees a jump by 4% from $80.50 to $84.
- Bulls have the chance to break past resistance at $87.50 which has not been breached in over a month.
DASH/USD bulls have taken over the market as the price sees a jump by 4% from $80.50 to $84. If the uptrend continues, then DASH/USD can break past resistance at $87.50 which has not been breached in over a month.
DASH/USD daily chart
- Daily chart sees a bullish breakout from the triangle formation.
DASH/USD 4-hour chart
- Bulls breached past $80.50 resistance and carried enough momentum to move towards the $87.50 resistance line.
- The bears took over in the last session and stalled the upward momentum.
DASH/USD hourly chart
- The last two sessions are floating above the 20-day Bollinger band which shows a bullish market despite the previous session being bearish.
- The moving average convergence/divergence (MACD) indicator shows a bullish market.
- Resistance 3: $91.2184
- Resistance 2: $86.7976
- Resistance 1: $83.6480
- Pivot Point: $79.2272
- Support 1: $76.0776
- Support 2: $71.6568
- Support 3: $68.507
Dash defies market stillness for an incredible 3% rise
- Bulls hibernate as cryptocurrencies extend sideways trading.
- Dash bullish trend likely to break above $70.00 stubborn resistance.
The crypto market is in deep slumber. The low activity trading has lasted for at least 7 days now. Bitcoin and other assets are motionless slightly above key support zones. However, the same cannot be said about Dash. The asset is the bull among the bears with a 3% rise on the day. Moreover, the bullish trend is strong enough to push Dash above the stubborn resistance at $70.00.
Dash has been trending lower since the highs of December 2018 that brushed shoulders with $100. The declines spilled into January continued to tumble below key support levels. Major support has been established at $65.00 and Dash trading at $68.37. It is supported by the 4-hour 50-day Simple Moving Average (SMA). At the same time, the 100-day SMA is limiting gains currently at $69.60.
The technical indicators applied on the chart show that Dash is poised for more correction north. Besides, a break above $70.00 is likely to place the crypto on a trajectory towards the resistance at the 23.6% Fib retracement level with the last swing high of $103.03 and the low of $57.95. Further up the buyers effort will be tested at the $90.00 supply zone and the ultimate resistance at $100.00.
Dash (DASH) now supported by over 200 mobile phone providers in 145 countries
- Mobile Topup in Thailand is supported by VISA, MasterCard, Bitcoin, Monero and Dash.
- Dash ignores selling pressure to add 2% on the day.
The Dash network recently celebrated the crypto’s 5thbirthday. To market the celebration, the team offered the network free hosting for 100 Dashpay Masternodes for a period of six months. In the wake of the celebrations, Dash announced that its token, DASH had landed support from more than 200 mobile phone provider spanning 145 countries.
The support has been made possible by Mobile Topup in Thailand. The platform is supported by various payment providers including VISA, MasterCard, Alipay, PromptPay, Bitcoin, Monero and now Dash. The platform offers its customers “faster and cheaper than multi-country topup” services.
Dash price technical picture
Dash is the bull among the bears on Thursday. The crypto is trading in the green ignoring the negative pressure that is languishing most of the assets like Bitcoin Cash which has corrected lower 3.27% on the day. On the contrary, Dash is gaining traction and is already recording gains of over 2%.
The crypto has been gaining traction amid the lock-step trading since the declines last Sunday that formed lows at $68.22. Dash not only managed to reclaim the position above $70.00, but it also formed highs around $75.00. There has been a lower retracement with the price testing the support at $70.00.
The rising trendline has been in position, working as a bouncing wall for the price. DASH/USD is currently trading at $72.67 above both the 100-day Simple Moving Average (SMA) and the 50-day SMA, both of which are offering support at $72.14 and $71.66 in that order. More support areas are highlighted at $70.00 and the recent lows at $68.22.