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DASH market overview: DASH/USD price keeps on surging up

  • DASH/USD went up by 9.7% this Tuesday.
  • The surge comes as a result of PolisPay integration.

DASH/USD had an extremely productive Tuesday as its price went up by 9.7% from $84.40 to $92.60. As reported by FX Street, the main driving factor behind this upsurge is Dash’s PolisPay integration. PolisPay is a blockchain payments service and they announced the implementation of Dash on their MasterCard-backed debit card.

Along with debit services, PolisPay also gives the following:

  • Storage for supported cryptocurrencies
  • Fiat to crypto conversions
  • Seamless crypto-to-crypto transactions
  • POLIS token holders will be able to manage their master node
  • Can have a significant impact on the integrated crypto’s market liquidity.

DASH/USD daily chart

The DASH/USD daily chart shows how strongly the bulls reacted to the PolisPay news this Tuesday. They will want to break past the $100 resistance level. Currently, DASH/USD is enjoying its highest valuation in 2019, so far. The market is trending above the 20-day simple moving average (SMA 20), SMA 50, and SMA 100. In the last session, the SMA 50 crossed over the SMA 100 curve indicating a buy signal. The relative strength index (RSI) has spike towards the overbought zone.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.