Dash Price Analysis: DASH/USD breaks past $100-barrier for the first time since September 2019

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  • The RSI indicator is trending around 90, deep withing the overbought zone, so expect a bearish correction soon.
  • DASH/USD continues to trend above the 20-day Bollinger Band.

DASH/USD daily chart

DASH/USD daily chart

DASH/USD spiked from $89 to $122 in the early hours of Wednesday. These six consecutive bullish days have taken the price above the $100 psychological level for the first time since September 2019. Two indicators show that the asset is currently overpriced – DASH/USD hovering above the 20-day Bollinger Band and the Relative Strength Index (RSI) trending around 90, deep within the overbought zone. The Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum, while the Elliott Oscillator shows increasing bullish sentiment
 

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