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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.
DASH Price Analysis: DASH/USD spikes by nearly 9% as bulls remained in cruise control
Rajarshi MitraRajarshi MitraIndependent Analyst

DASH/USD daily chart

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 price82.7994
Today Daily Change7.2002
Today Daily Change %9.52
Today daily open75.5992
 
Trends
Daily SMA2068.262
Daily SMA5075.3881
Daily SMA10086.903
Daily SMA20074.6459
 
Levels
Previous Daily High76.7374
Previous Daily Low71.171
Previous Weekly High72.0246
Previous Weekly Low60.4143
Previous Monthly High94.3848
Previous Monthly Low33.1863
Daily Fibonacci 38.2%74.611
Daily Fibonacci 61.8%73.2974
Daily Pivot Point S172.2676
Daily Pivot Point S268.9361
Daily Pivot Point S366.7012
Daily Pivot Point R177.8341
Daily Pivot Point R280.069
Daily Pivot Point R383.4006

Author

Rajarshi Mitra

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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