- Dash adds 4.5% on the day as community celebrates the groundbreaking milestones.
- Dash/USD recovered from the support $159 to test the hurdle at $168.
The Dash community is celebrating an incredible milestone for its protocol. The network conducted a tress-test on the blockchain on Sunday 12. The event was also streamed live where Dash was able to record more than 3 million transactions per second. Although the target was 4 to 5 million, this record has made history for Bitcoin based blockchains.
The price lagged the reaction to news with the upside remaining limited below $165. However, the afternoon (GMT) trading session on Monday has seen Dash add over 4.5%. Prior to the rise, the crypto had found balance at $159 preventing. This level was an incredible support, which paved the way for a correction past $160 and $164. Likewise, the gains continued towards $170 but traded highs at $168.
At press time, Dash is trading at $167.28 following the bear reaction at $168. Indicators on the 15-minutes chart are still sending strong buy signals. The MACD, for example, is pointing further up while the RSI is maintaining its position in the overbought levels. This means that Dash buyers can increase their entries and see a swing above $170. On flipside, a short-term support is available at $164 and $159 respectively.
Dash (DASH) trading volume has been on the rise in the past few days from $139 million recorded on November 8 to the current $370 million, although it currently stands at $290 million. The 12th largest crypto has a market cap of $1.4 billion, representing a slight rise from yesterday’s $1.35 billion.
DASH/USD 15-minutes
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