- DASH/USD surged for the 5th consecutive session on Sunday and reached its 13-and-half week high.
- The launch of DashDirect enabled Dash holders to spend the coin at more than 155K stores.
- Forex trading participants may look for a buy trade above the $267 level to the target of $298.
On Monday, the DASH coin is trading sharply bullish at the $278 level and has added around $27 (+11.34%). On the day before, the DASH/USD closed at $255.19 after placing a high of $256.73 and a low of $230.64. The DASH/USD surged for the 5th consecutive session on Sunday and reached its 13-and-half week highest level amid the latest improvements in the network. If you are wondering what to expect and where to buy DASH, let’s find out below…
Dash Integrated with Liquid (Quick Exchange) Visa Card.
Last week, the cryptocurrency Dash became available for direct sale using a VISA credit card within a dedicated crypto wallet. That became possible with the integration of Dash’s Android mobile wallet app with Liquid’s Quick Exchange.
With the partnership of this exchange, more than 100 countries can access this service through a VISA credit card. This has been driving the prices of DASH/USD on the upside to their multi-month highest levels. The rally in DASH/USD surged after this news, which was already on the bullish track from the recent launch of an instant savings retail application, DashDirect.
DashDirect Enables Spending at +155K Stores
The launch of this application enabled Dash holders to spend the coin at more than 155K stores. This initiative represented seven times more in-store merchant locations than Bitcoin globally and helped DASH/USD move higher onboard and place gains.
The development of DashDirect and the launch of a direct sale service through VISA credit cards added to the value of DASH/USD and pushed it near $260. Meanwhile, the declining prices of the U.S. dollar on Friday also added to the gains of DASH/USD as both have a negative correlation. The U.S. Dollar Index (DXY) dropped and reached the 93.5 level after rising to 93.76 during early trading hours.
Dash Price Prediction – Technical Levels
Support Resistance
238.31 264.40
221.43 273.61
212.22 290.49
Pivot Point: 247.52
DASH/USD Completes 2.618% Extension – Where to Buy?
The Dash price prediction is strongly bullish as it has already violated an intraday pivot point level of $247.52. On the 4 – hour chart, the DASH/USD pair shows a strong upward trend and has completed a 2.618% Fibonacci extension at the $267 level. This level is now working as strong support.
On the 4 – hour timeframe, the 50 day EMA (Exponential Moving Average – Red Line) holds at the $247 level, demonstrating a bullish trend. Moreover, the Stochastic RSI indicator has entered the overbought zone, as its value is 97.90. This shows buyers may get exhausted soon and trigger profit-taking. If this happens, Dash buyers may start profit-taking soon.
On the bullish side, a breakout of the $267 level now could lead the DASH price towards $298 levels. In contrast, the failure to break above the $298 level could offer a quick sell trade until the $267 and $247 support levels.
Therefore, forex trading participants may look for a buy trade above the $267 level to the target of $298. Alternatively, we can place a sell-limit below the 3.618% Fibonacci extension level of 297. All the best.
Where to Buy DASH/USD?
You can buy it on eToro. It’s one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions.
Looking to buy or trade crypto now? Invest at eToro!
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