Dash price remained well-supported this past week against the US Dollar. After a dip towards $80, DASH\/USD is now back in the bullish zone.<\/p>\n
Key Highlights
\nDash price managed to remain above the $80 support, and now back above $100.
\nThe last highlighted bullish trend line on the 4-hours chart of DASH\/USD (data feed from Poloniex) is still intact with support at $95.
\nOn the upside, the price is facing sellers near the $118 and $120 levels.
\nDash price remained well-supported this past week against the US Dollar. After a dip towards $80, DASH\/USD is now back in the bullish zone.<\/p>\n
Dash Price Support<\/p>\n
In the last analysis, I mentioned that Dash price may soon break the $100 handle once again. It not only broke the stated level, but also managed to clear the last high of $102.35. It created a new high above $110 and traded as high as $118.16. The most important point is the fact that the price remained supported above $80. There was a move towards the 38.2% Fib retracement level of the last wave from the $48 low to $102.35 high where it found support.<\/p>\n
Moreover, I highlighted a bullish trend line in the last analysis on the 4-hours chart of DASH\/USD (data feed from Poloniex) with support at $90. It kind of played well, and helped the price remain above $80. It is currently intact with support at $95. If the price dips from the current levels, then the trend line support might play well above $90. It also coincides with the 38.2% Fib retracement level of the last wave from the $65 low to $118.16 high.<\/p>\n
So, if the price moves down, it might find support near $95 and $90. On the upside, there is a resistance trend line near $120. It may stop the current upside for now before buyers step up the momentum.<\/p>\n
Looking at the indicators:
\n4-hours MACD \u2013 The MACD for DASH\/USD is currently flat with no major direction.<\/p>\n
4-hours RSI \u2013 The RSI for DASH\/USD is well above the 50 level, which is a positive sign.<\/p>\n
Intraday Support Level \u2013 $90<\/p>\n
Intraday Resistance Level \u2013 $120<\/p>\n