Dash price analysis: Manages to hold on to supports and bounces hard

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  • DASH/USD biggest gainer of the day.
  • $235-$250 range support holds, but further tests lie ahead.

Dash bulls manage to hold on to key support area of $235-$250 price in a sign that they aren’t yet giving up in their fight to claim their battle which they seem to have already lost after Dash broke April low – a proof that the bear market in this crypto never ended.

DASH/USD is up nearly 5 percent at $246.612, bouncing off the lows of $234.99. As reported by this author on the last weekend (read that piece here) Dash needed to hold on to $235-$250 range on a closing basis and the bounce from $230 suggests bulls might just be able to defend their lost turf for now.

On the 15-minute charts, the price did broke out of a descending trendline and should be able to sustain these gains for the day. Immediate strong resistance though is placed around $270-$275 mark.

DASH/USD 15-minute chart:

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