- The DASH coin has been facing a retracement phase near the psychological round level of $100 since the breakdown.
- DASH coin price is approaching the 20-day moving average as a factor in the context of the daily price chart; Meanwhile, the 50-MA is above the current price.
- The DASH/BTC pair price is looking bearish by 5.08% at 0.002446 Satoshis.
Dash coin price has been underperforming for a long time after marking an all-time high at $478. Last December, the price action of the crypto noted a triple top formation before tumbling. For the past several days, the digital asset price has been trapped in a broad horizontal range, where there is an important support area at $80 and a resistance area of $120.
According to the Tradingview Live price chart, Dash coin is looking neutral today at $94, after losing 5.45% in value last night. However, the bulls saw a solid bullish weekend, so bulls can hoard the crypto for higher momentum. Meanwhile, the DASH/BTC pair price shows a bearish trend of 5.08% at 0.002446 Satoshis; the same as DASH coin with Ethereum pair is trading bearish at 0.03669 ETH.
Today, the bulls are barely trying to keep the DASH coin price above the 20-day moving average (white) in the context of the daily price chart. In the coming trading sessions, the 50-MA (Blue) could act as a bullish barrier. However, trading volume last night seemed neutral at $210 million. Meanwhile, for the past 3 days the daily volume bar has remained below the moving average (blue), which suggests low liquidations. Furthermore, the volume to market capitalization ratio is 0.2093.
Technical indicators suggest a neutral trend for DASH coin
Dash Coin is staying below the RedZone of the Ichimoku indicator on the daily price graph. Nevertheless, the bulls are trying to push the price of the crypto above the Leading Span A (at the $96-mark). Besides, the leading Apan B is rising at $98, which could affect the bullish momentum.
The Stoch RSI appears to be neutral above its half-level (50-point). Furthermore, the Average Directional Index is at 15-point, indicating a sideways movement for the DASH cryptocurrency.
Conclusion
DASH’s outlook appears to be neutral, just below the psychological round level of $100. This could be an accumulation phase for a bullish move above $100, and the bulls need to keep the value of Dash above the RedZone of the Ichimoku indicator.
Support level- $80 and $60
Resistance level- $120 and $150
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.