Dash price jumps above $70.00 trade at $72.74 after recovering from the recent low at $68.00. A breakout above the channel support could place DASH/USD in a trajectory towards $100. Dash price continues to trim the gains accrued in 2020 within the confines of a descending channel. The widespread bearish pressure on the market over the weekend is yet to be ousted. Besides, the minor progress that had been made during the Asian session on Tuesday has been erased barely at the beginning of the European session. Dash price currently teeters at $72.97 and has lost 0.76% of its value on the day. From a technical perspective, the buyers are in charge but still lack the energy to force a reversal towards 80 or above the channel resistance. The Relative Strength Index (RSI), for instance, is stuck in the oversold after an attempt to climb above 30 failed. On the other hand, the Elliot Wave Oscillator is posting a second bullish session in a row. This confirms that the bulls have more influence compared to the sellers. However, the price is still trading under the moving averages. The 50 SMA cross below the 100 SMA the 4-hour chart at $121.92 signals that a lower consolidation is possible. Moreover, the moving averages will function as resistance lines in DASH/USD recovery journey towards $100. Dash price key levels Spot rate: $72.74 Relative change: 0.8854 Trend: Bearish Percentage change: -1.25% Support one: $70.00 Support two: $68.00 Support three: $60.00 Resistance one: $80.00 Resistance two: The 50 SMA at $86.24 Resistance three: $100.00 DASH/USD 4-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 AUD/USD consolidates the drop around 0.6550 FX Street 3 years Dash price jumps above $70.00 trade at $72.74 after recovering from the recent low at $68.00. A breakout above the channel support could place DASH/USD in a trajectory towards $100. Dash price continues to trim the gains accrued in 2020 within the confines of a descending channel. The widespread bearish pressure on the market over the weekend is yet to be ousted. Besides, the minor progress that had been made during the Asian session on Tuesday has been erased barely at the beginning of the European session. Dash price currently teeters at $72.97 and has lost 0.76% of its value on… 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.
