Dash Price Analysis: DASH/USD breaks past $100-barrier for the first time since September 2019
- The RSI indicator is trending around 90, deep withing the overbought zone, so expect a bearish correction soon.
- DASH/USD continues to trend above the 20-day Bollinger Band.
DASH/USD daily chart
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DASH/USD spiked from $89 to $122 in the early hours of Wednesday. These six consecutive bullish days have taken the price above the $100 psychological level for the first time since September 2019. Two indicators show that the asset is currently overpriced - DASH/USD hovering above the 20-day Bollinger Band and the Relative Strength Index (RSI) trending around 90, deep within the overbought zone. The Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum, while the Elliott Oscillator shows increasing bullish sentiment.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
