Tanya Abrosimova
Independent Analyst
- DASH is one of the growth leaders, despite the recent decline.
- FuzeX will issue cards with DASH support.
DASH is the 12th largest digital coin with current market value $1.7B and average daily trading volume $250M. DASH has jumped over 40% in the recent seven days to trade at $214.5 by press time. However, the coin has been rangebound during recent 24 hours, in sync with the overall cryptocurrency market.
Meanwhile, DASH treated its supporters with a new partnership announcement with FuzeX startup. The company provides payment solutions along with debit and credit cards that support up to 15 accounts integration. FuzeX card with DASH support will be issued in Q4 2018, which will stimulate the cryptocurrency adoption and support its real-life use case.
DASH technical picture
The first strong support comes at $212, strengthened by SMA50 (1-hour chart), closely followed by SMA100 (1-hour) at $206. Once it is cleared, the downside may be extended towards 191 (SMA200, 1-hour chart). On the upside, the nearest resistance is seen at $223 (September 3 high).
DASH/USD, 1-hour chart
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