DASH Price Analysis – April 1
Out of the top 20 cryptocurrencies, Dash performance has been quite interesting for traders in the past four days; gaining 10% in the last 24-hours of trading as a result of a high trading volume. Currently, the bull’s position is yet to be exhausted.
Resistance levels: $125, $127, $130
Support levels: $112, $104, $96
For the past three weeks, Dash has been maintaining an upward movement. After March rise-up, a slow choppy price action revisited the green trend line before witnessing a significant bull-run following a new orange trend line. Dash market signals that the buyers are in play. The next rally is likely to meet resistance at $125 and beyond. The actual picture is reflected in the 4-hours MACD.
For a bearish play, the sellers are more likely to locate quick support at $112, where the orange trend line is positioned. A cross on the mentioned support could slump price to the bottom of $104 and $96 support levels, near the green trend line. However, Dash is expected to pull back to $112 support before refueling another bull-run. But at it is now, the token has not signaled a clear move for a retracement.
In early March, Dash saw a push to 0.024 BTC high and corrected to the near of 0.022 BTC, touching the red line, before following an upward movement on a new orange line for the past four days; reaching a monthly high of 0.029 BTC today. The upward movement is clearly revealed on the 4-hours MACD. The green momentum indicates a strong bull’s dominance.
As Dash rally continues, the next target resistance level is 0.03 BTC and above. If the token runs a bearish retracement, the key support levels to watch out for are 0.027 BTC and 0.025 BTC, re-testing the orange trend line. A further drop could probably send price to the bottom of the red trend line at 0.023 BTC. At the moment, there’s no sign for a decline. As pictured on the MACD, the buyers are still holding up the value of the token.
Please note: Cryptovibes.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.