Dash price analysis: DASH/USD ignores bear pressure, trades in the green; AtomicWallet adds support for DASH

Dash price exploded in fireworks on Wednesday during the Asian trading hours. The bullish trend was initiated around $212.5 and a break above the short-term resistance at $215.0 led to an unexpected spiked in an engulfing bullish candle. The engulfing candle retraced past several Fib levels but lost steam short of the 61.8% fib retracement level with the previous swing high of $232.97 and a low of $211.96.

A slight lower correction followed shortly after trading above $223.00, but the trendline support came to the rescue of the buyer at $213.83. DASH/USD embarked on another sustained path upside and is currently pivotal on the 50% Fib retracement level. The stochastic is, however, heading south while the MACD on the 15-minute chart is heading towards the negative region to say that the buyers are losing grip and the sellers are seeking an entry slightly below the 50% fib level. Dash price is supported at $220, the 50 SMA and the trendline will both offer more support above $217.5.

In other news, AtomicWallet; the “The first Multi-assets Wallet with Decentralized Atomic Swap Exchange,” has announced its support for DASH. The announcement was made via Twitter in rather, a comical, stating:

“Welcome @Dashpay in @AtomicWallet. The easiest way even for your grandmother to manage and swap digital currencies! #DASH Download app at.”

DASH/USD 15-minutes chart