Dash price is currently contained inside a parallel channel on the 1-hour chart. The digital asset faces a critical resistance level before it can climb towards $103. After a brutal 16% drop on January 1, Dash has been trying to recover and managed to establish an ascending parallel channel on the 1-hour chart. Dash bulls aim for $103 but need to crack a critical resistance level at $95 first. Dash price can rise towards $100 if bulls can push it above $95 On the 1-hour chart, Dash has established a parallel channel with the resistance trendline at $95. Bulls have defended the 26-EMA and are hoping for a rebound towards the resistance upper boundary. DASH/USD 1-hour chart If Dash can recover above the 12-EMA, it will quickly jump towards $95. A breakout above this point will drive Dash price to $100 and eventually as high as $103 if the bullish momentum continues strong. DASH IOMAP chart The In/Out of the Money Around Price (IOMAP) chart shows a strong resistance area between $92 and $95, which adds credence to the bullish outlook. There is a lot of support on the way down starting at $91. DASH New Addresses chart There are, however, some concerning signs for the bulls. The number of new addresses joining the network has dropped significantly in the past week by 13.5%. This indicates that new investors are losing interest in Dash. If the bears can push Dash price below the 26-EMA at $91, the digital asset can drop to $87. 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 NZD/USD seesaws near multi-month high around 0.7300 amid geopolitical plays in America FX Street 1 year Dash price is currently contained inside a parallel channel on the 1-hour chart. The digital asset faces a critical resistance level before it can climb towards $103. After a brutal 16% drop on January 1, Dash has been trying to recover and managed to establish an ascending parallel channel on the 1-hour chart. Dash bulls aim for $103 but need to crack a critical resistance level at $95 first. Dash price can rise towards $100 if bulls can push it above $95 On the 1-hour chart, Dash has established a parallel channel with the resistance trendline at $95. Bulls have… 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.