Dash price analysis: Another crypto headed towards April lows, critical support near
- Dash follows NEO to the pits.
- Critical support quite near, might lend a helping hand.
Dash becomes yet another cryptocurrency that seems to be following NEO in following the trend on the downside towards the pits of April. What might help investors a bit though is the fact that there's a critical support which might co-incide around April lows.
DASH/USD is down just under 2 percent on day at $330.67 and is down more than 17 percent for the week. April low for Dash was $282 and is about 15 percent away from current price and if current pace of price declines continue, it won't be long before Dash gets dashed to those levels.
But, if the price decline indeed remains so steep, then there comes a support on the 360-minute chart in the form of falling trendline of lower lows that continued hitting after April end highs of $544.
DASH/USD 36-minute chart
Author
Manoj B Rawal
Independent Analyst
Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.
