Dash is mitigating the reversal from the intraday high at $96.61. Dash needs a catalytic boost to tackle the concentration of sellers at $100. The widespread recovery staged on Thursday appears to be pre-maturely stalling. Bitcoin (BTC) seems to have spent all the batteries after tackling $10,200 resistance and its immediate retreat is once again, is dragging the crypto market down. On the contrary, Dash is coming out as a strong daily gainer after its value shot up more than 3.5% on the day. Despite the correction across the board Dash is mitigating the reversal from the intraday high at $96.61 by holding ground above the 61.8% Fibonacci level taken between the last swing high at $96.61 to a swing low of $87.26. Dash found refuge from the recent declines at $87. The price action from this zone has been mostly bullish. On zooming above the 50 Simple Moving Average (SMA), Dash bulls grip tightened forging their way towards $100. Unfortunately, $100 level remains unconquered while a retreat is underway. The relative strength index (RSI) retreat from the levels above 70 means that DASH was slightly overbought. On the positive note, the Moving Average Convergence Divergence (MACD) hit a high of +1.0718 after recovery from August 21 low at -1.7840. For Dash to gain the coveted ground above $100, the bulls must first ensure the price stays above the hourly moving averages. Secondly, Dash gets a catalytic boost to tackle the concentration of sellers at $100. DASH/USD 1-hour chart 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. View All Post By FX Street Crypto News share Read Next Fed’s Bullard: Fed should cut rates because inverted yield curve is not a good place to be FX Street 4 years Dash is mitigating the reversal from the intraday high at $96.61. Dash needs a catalytic boost to tackle the concentration of sellers at $100. The widespread recovery staged on Thursday appears to be pre-maturely stalling. Bitcoin (BTC) seems to have spent all the batteries after tackling $10,200 resistance and its immediate retreat is once again, is dragging the crypto market down. On the contrary, Dash is coming out as a strong daily gainer after its value shot up more than 3.5% on the day. Despite the correction across the board Dash is mitigating the reversal from the intraday high at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.