Rajarshi Mitra
Independent Analyst
- DASH/USD went up by 9.7% this Tuesday.
- The surge comes as a result of PolisPay integration.
DASH/USD had an extremely productive Tuesday as its price went up by 9.7% from $84.40 to $92.60. As reported by FX Street, the main driving factor behind this upsurge is Dash’s PolisPay integration. PolisPay is a blockchain payments service and they announced the implementation of Dash on their MasterCard-backed debit card.
Along with debit services, PolisPay also gives the following:
- Storage for supported cryptocurrencies
- Fiat to crypto conversions
- Seamless crypto-to-crypto transactions
- POLIS token holders will be able to manage their master node
- Can have a significant impact on the integrated crypto’s market liquidity.
DASH/USD daily chart
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The DASH/USD daily chart shows how strongly the bulls reacted to the PolisPay news this Tuesday. They will want to break past the $100 resistance level. Currently, DASH/USD is enjoying its highest valuation in 2019, so far. The market is trending above the 20-day simple moving average (SMA 20), SMA 50, and SMA 100. In the last session, the SMA 50 crossed over the SMA 100 curve indicating a buy signal. The relative strength index (RSI) has spike towards the overbought zone.
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