Dash price defies the crypto market bear pressure to surge towards the $50 resistance level. DASH/USD steps above the moving averages, further encouraging more buyers to join the up-trending market. Dash is up a whopping 7% on Wednesday. It is arguably the best-performing cryptocurrency among the 30. Bitcoin price is relatively stable after recovery from the brief fall under $5,000 on Monday. However, its recovery faces selling pressure at $5,500. Ethereum and Ripple exhibiting signs of stability after the rejection from key resistance zones at $150 and $0.15 respectively. Dash price technical picture A recent breakout above a descending trendline resistance failed to yield the desired upward movement. The upside remained capped under the 100 SMA on the 1-hour chart. However, surge above the moving averages on Wednesday has pulled Dash price to test the key resistance at $50. At the time of writing, DASH/USD is teetering at $48.34. Resistance at $50 is proving to be an uphill task to overcome. On the other hand, the trend remains bullish as per the RSI and the bullish session with the Elliot Wave Oscillator. Moreover, correction above the moving averages could continue to encourage more buyers to enter the market. The 100 SMA and the 50 SMA are no longer resistance areas but support zones. For now, buyers need to focus on stepping above $50 and grinding towards $60. DASH/USD hourly 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 EUR/USD: Door open to a test of 1.09 – UOB FX Street 2 years Dash price defies the crypto market bear pressure to surge towards the $50 resistance level. DASH/USD steps above the moving averages, further encouraging more buyers to join the up-trending market. Dash is up a whopping 7% on Wednesday. It is arguably the best-performing cryptocurrency among the 30. Bitcoin price is relatively stable after recovery from the brief fall under $5,000 on Monday. However, its recovery faces selling pressure at $5,500. Ethereum and Ripple exhibiting signs of stability after the rejection from key resistance zones at $150 and $0.15 respectively. Dash price technical picture A recent breakout above a descending trendline resistance… 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.
