DASH Price Analysis: DASH/USD spikes by nearly 9% as bulls remained in cruise control

DASH/USD has jumped above the 20-day Bollinger Band, indicating that the price is overvalued.
The RSI is on its way into the overbought zone.

Rajarshi Mitra Independent Analyst

DASH/USD daily chart

DASH/USD bulls stayed in charge as this Thursday’s sessions came to a close. The price rose by nearly 9% as it jumped from $76 to $82.82, breaking above the SMA 50 and SMA 200, in the process. The price has also climbed above the 20-day Bollinger Band, indicating that the asset is currently overpriced and may soon face bearish correction. The 20-day Bollinger jaw has widened as well, which shows increasing market volatility. The RSI is trending around 64 and is well on its way into the overbought zone. Before this Thursday’s bullish price action, the SMA 200 was about to cross over the SMA 50 to chart the bearish death cross pattern, but the two have since diverged from each other.

Key levels

DASH/USD

Overview
Today last price	82.7994
Today Daily Change	7.2002
Today Daily Change %	9.52
Today daily open	75.5992

Trends
Daily SMA20	68.262
Daily SMA50	75.3881
Daily SMA100	86.903
Daily SMA200	74.6459

Levels
Previous Daily High	76.7374
Previous Daily Low	71.171
Previous Weekly High	72.0246
Previous Weekly Low	60.4143
Previous Monthly High	94.3848
Previous Monthly Low	33.1863
Daily Fibonacci 38.2%	74.611
Daily Fibonacci 61.8%	73.2974
Daily Pivot Point S1	72.2676
Daily Pivot Point S2	68.9361
Daily Pivot Point S3	66.7012
Daily Pivot Point R1	77.8341
Daily Pivot Point R2	80.069
Daily Pivot Point R3	83.4006

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.

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DASH/USD daily chart

Key levels

DASH/USD

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