- Dash stays in the green amid general market retracement.
- Dash bulls target $100 psychological as long as they can break above $80.00 resistance.
Dash is the bull among a sloth of bears. The digital asset has sustained the gains in spite of the entire market trimming the gains. Cryptocurrencies spiked incredibly over the last weekend ending a period of devastating declines and low trading activity. The volatility seems to be back but Dash is currently giving a blind eye to record gains while all the top 20 digital assets stay in the red.
After it reclaimed the position above the resistance turned support at $74.00, DASH/USD pulled up further above $76.00. In fact, at press time, it is trading $79.389. It is only a matter of time before Dash jumps above $80.00. According to the technical levels on the chart, a correction above $80.00 will pave the way towards $90.00 and eventually bring the psychological $100 in sight.
For instance, the Relative Strength Index (RSI) in the 2-hour range has reentered the oversold region to show that the bulls have the control and will continue to influence the direction of the price in the short-term. The Moving Average Convergence Divergence (MACD) in the same range is heading north. The forming engulfing candle will soon break above $80.00.
In the event a reversal occurs, Dash will find refuge at $74.00 and the support zone at $66.00 but before that, the trendline support will try to limit the losses.
DASH/USD 2-hour range
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.