Dash in a long consolidation phase

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  • DASH prices consolidate in a narrowing range.
  • $140-170 range for the next few weeks.

Dash the crypto that has lost more than 90 percent of its gains from the peak since December last year, has been consolidating in a range that has been narrowing with each passing week.

DASH/USD is up a tad less than one percent on day at $162.52, at high point of the day. On the 480-minute chart of this crypto, Dash has been consolidating in a range that has been narrowing with time.

The range stands between $140-170 for now and price seems to be headed towards lower end of the range in the immediate term. $173 is also 100 days SMA for Dash and it would continue to face selling pressure around those levels.

DASH/USD 480-minute chart:

 

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