Dash Price Analysis: Following some monumental bullish days, the bears finally take control


  • DASH/USD is still trending above the 20-day Bollinger Band.
  • The Relative Strength Index (RSI) is trying to break below the overbought zone.

DASH/USD daily chart

DASH/USD daily chart

DASH/USD has fallen from $133.65 to $122.35 in the early hours of Thursday. The bears have stepped in to correct the price after six consecutive bullish days, wherein the DASH/USD spiked from $50.70 to $133.65. The price is trending above the 20-day Bollinger Band, 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) and Elliott Oscillator both indicate increasing bullish sentiment. The Relative Strength Index is just about to leave the overbought zone, indicating that we may be in for a little more bearish correction.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Strong resistance stack prevent BTC/USD from breaking past $8,600

BTC/USD fell from $8,665 to $8,584 so far this Thursday. The bears are in control of the market for the second straight day, as they were able to drop the price of the asset from $8,725 to $8,665 this Wednesday.

More Bitcoin News

Litecoin Market Overview: LTC/USD range tightens pre-breakout

Litecoin, just like many other cryptocurrencies is dealing with a sell-off that started earlier this week. The rally on Sunday last week reclaimed support above $60. However, the momentum ran out of steam short ...

More Litecoin News

IOTA/USD deals with a devastating 6% plunge

IOTA has been dealing with choppy markets the entire week. Consolidation commenced following the failure to break the resistance at $0.255. The resistance has been impenetrable even though it has been tested on several accounts. 

More IOTA News

Bitcoin Gold Price Analysis: BTG/USD falls below the $10.50 level

BTG/USD is on course of charting a third straight bearish day. So far this Thursday, BTG/USD fell from $10.75 to $10.37, falling below the $10.50 level, in the process. This three-day downward spiral got triggered ...

More Bitcoin Gold

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

BTC

ETH

XRP