- Dash price upside is capped below the bearish trendline for a couple of weeks now.
- DASH/USD swings up 2% on Thursday as buyers set eyes on $190 and $200.
It just a matter of time until Dash price breaks the medium-term trendline resistance that that started on September 21. The digital asset, like many other altcoins, has been chopping off huge chunks of the gains accrued in September. The buyers took a pit stop and consolidated the losses around the 23.6% Fib retracement level with the last upswing of $214.09 and a downswing of $175.33. However, the volatility in the market at the beginning of this month resulted in more declines past the short-term support at $180.
The price found a balance at the downswing before the current breakout above $180. DASH/USD is up 2% joining the rest of the coins in the market as they trade in the green while the bulls enjoy a breather. The bearish trendline mentioned above is the line separating Dash from reaching $190 and $200 respectively. Above this level, Dash price could test the supply zone around $190 (38.2% Fib level) and the upper supply zone at $200 (close to the 61.8% Fib level).
At press time, DASH/USD is trading at $181, besides the prevailing trend is bullish. The MACD hanging in the balance on the mean line while the RSI has retreated from the oversold, although it is heading higher above the 55 percent mark. The bears are fighting for an entry but the bulls have eyes set on $190. Likewise, there is a support at $175, $170 and $160.
DASH/USD 15-minutes chart
Share
