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Dash Market Overview: DASH/USD bulls remain resilient and target $100 barrier

  • DASH/USD remained bullish even as the entire crypto market plunged down.
  • The bulls are targetting the $100 barrier. DASH/USD hasn’t reached $100 since late November 2018.

DASH/USD went up from $95 to $97 this Thursday. The bulls have been resilient and kept the DASH/USD market up, even as the rest of the crypto market plunged downwards. The following may have contributed to DASH/USD’s bullish movement:

Coinvest Plus lists Dash

Coinvest tweeted the following:

“We are proud to announce that Dash ( $DASH) is now available to trade on Coinvest Plus, a US-based exchange with a low flat-rate fee of $0.99 for all trades and withdrawals.”

v0.14 released to testnet

Dash released a product update where they shared the following updates:

  • v0.14 released to testnet (LLMQs, DKGs, ChainLocks, LLMQ based InstantSend)
  • Completed initial security audit on the platform in preparation for open sourcing
  • Successfully connected to DAPI and sent a payment from DashPay Wallet
  • Code refactoring and Sweep Paper Wallet bug fix on DashWallet (Android)
  • Began roll-out for DashWallet iOS v2.3.2 (empty wallet bug)

DASH/USD daily chart

The DASH/USD daily chart shows that the market is marching towards the $100 barrier. The market is trending above both the 20-day simple moving average (SMA 20) and SMA 50 curves. The moving average convergence divergence (MACD) indicator shows that the signal line is crossing over the MACD line. This indicates that the market momentum will be shifting towards the bulls. The relative strength index (RSI) curve is trending close to the overbought territory.

FX Street

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