- Dash recently announced that it has collaborated with Liquid’s quick exchange VISA card.
- The 50 days EMA (Exponential Moving Average – Red Line) holds at the $216 level, demonstrating a bullish trend.
- Forex trading participants may look for a buy trade upon a breakout of the $236.50 level to the target of $249 and $267.
On Friday, the DASH coin is trading sharply bullish at the $233 level, which has added around $16 (+7.50%). If you are wondering what to expect and where to buy DASH, let’s find out below…
The day before, DASH/USD closed at $220.19 after placing a high of $220.84 and a low of $199.13. The DASH/USD extended its gains for a third consecutive session and reached its highest since mid-May on the back of new developments in the network.
Dash collaborated with Liquid (Quick Exchange) Visa Card.
Dash recently announced that it has collaborated with Liquid’s quick exchange VISA card to allow users to purchase altcoin. The App users will be able to buy Dash from the wallet using a VISA card directly. This move was followed by the launch of the payment app DashDirect at more than 155,000 vendor locations.
According to the Business Development Manager of Dash Core Group, Omar Hamwi, the partnership with Liquid Quick Exchange and the integration of card purchase options will be a key to unlocking the potential for financial freedom. He added that the global coverage of Liquid would help users in every corner of the world participate in and benefit from this integration.
Furthermore, the partnership will also make Dash’s purchases, withdrawals, and deposits quicker and faster. In simple words, the partnership will advance the mission of financial freedom for all.
This announcement followed the early August announcement from Valkyrie Digital Assets, which launched a trust denominated in Dash. The digital asset manager launched its third closed-end crypto fund, which will allow institutional firms to gain exposure to staking Dash without having to run a master node.
The structure of cryptocurrency also adds trust as it’s explicitly designed for payments. This news has been favoring DASH/USD since early August. But now, another announcement of a collaboration with Liquid’s Quick Exchange VISA card added further gains to DASH/USD on Thursday.
Dash Price Prediction – Technical Levels
Support Resistance
205.94 227.65
191.68 235.10
184.23 249.36
Pivot Point: 213.39
DASH/USD Completes 1.618% Extension – Where to Buy?
Dash price prediction is strongly bullish as it has already violated an intraday pivot point level of $213. On the 4 – hour chart, the DASH/USD pair is showing a sharp upward trend and has completed a 1.618% Fibonacci extension at the $236 level. This level is now working as a strong resistance.
On the 4 – hour timeframe, the 50 day EMA (Exponential Moving Average – Red Line) holds at the $216 level, demonstrating a bullish trend. Moreover, the Stochastic RSI indicator has entered the overbought zone, as its value is 95.98. This shows buyers may get exhausted soon and trigger profit-taking. If this happens, and Dash closes candles below the 236.50 level, the profit-taking can be seen.
On the bullish side, a breakout of the $236.50 level could lead the DASH price towards $249 and $267 levels. In contrast, the failure to break above the $236.50 level could offer a quick sell trade until the $227 and $217/13 support levels.
Therefore, forex trading participants may look for a buy trade upon a breakout of the $236.50 level to the target of $249 and $267. Alternatively, we may see a selling trend upon failure to break above the $236.50 level. 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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