Dash Is Ready to Break the $73.34 Resistance Price Level
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The $73.34 resistance level is the brick wall for the bull market, which has been trending since the very beginning of the year. The price of Dash has been pegged at around this resistance level, due to indecision, for some days now until the bulls took total control of today’s trading session. Although the entire daily trading session for today has been bullish, the sellers are still maintaining the resistance price.
DASH/USD Price Statistic
- DASH/USD price now: $73.12
- DASH/USD market cap: $815,611,046
- DASH/USD circulating supply: 11,120,725 DASH
- DASH/USD total supply: 11,162,531
- DASH/USD coin market cap rank: # 62
Key Levels
- Resistance: $75, $80, $85
- Support: $70, $65, $60
Price Prediction Dash: the Indicators’ Point of View
Since the first day of January, the bull market began trending and as a result, the price channel as illustrated by the Bollinger Bands indicator has had upward movement. Towards the end of January, the bull market seemed to trigger aggression in the bear market, and the market volatility increased, which is why the Bollinger Bands widened. Since, mid-February, the market has been experiencing indecision. The market could not find a definite direction since the two forces were matched.
DASH/USD 4-Hour Chart Outlook
The Dash sellers are gathered around the $73.34 resistance level and they seem very strong and unwilling to succumb to pressure. The forces behind the bull market may result in the eventual breaking of the key resistance level, but as the bears are still gathering momentum, we may see the continuation of the consolidation trend.
