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Dash price analysis: DASH/USD – A dead cat bounce or double bottom? Confirmation needs a sweat

  • Dash falls and bunces back from Sept lows.
  • Needs a lot of hard work from bulls for a sustained bounce.

Dash price fell to as low as of September 2017 lows and managed to bounce a bit, but whether this bounce can be a meaningful one or just a dead cat bounce in an ongoing bear market, that would be known only after bulls sweat it out hard in the Sun.

DASH/USD is down more than 2 percent on day at $234.60, exactly at the low point of the day. Dash managed to bounce in the last two days from the low hit of $217, slightly below the September low of $221.Oversold RSI also helped the cause.

For Dash bulls to come out of this hibernation caused by last few weeks of bear mauling, they’ll have to try hard to cross past $340-$350 levels.

DASH/USD daily chart:

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