DASH Price Analysis – September 14
The price of Dash has no time to recover in the current bear onslaught in the crypto market. The price has been continually low since July when the bears had raided the crypto market.
Resistance levels: $105, $110, $115
Support levels: $70, $65, $60
The past one-day chart shows Dash price below the baseline at the start of the day, but then they made a slow recovery and needs to be seen whether Dash can sustain the upward momentum. The price has been moving above the 21-day moving average and in the range of $84 – $94 over the past 1 day.
However, it was only after the DASH coin reached $96.16 that it started moving in the downward direction again. The correction above $95 is needed for the buyers to focus on the $105 resistance level. Besides, the support level of $90 will safeguard the path towards the resistance levels of $105, $110 and $115. Other key support levels to look out for include $70, $65 and $60.
Meanwhile, stochastic RSI is at the overbought zone which indicates more bearish signal when faces down.
Comparing with Bitcoin, DASHBTC is bullish. The price formed an ascending channel on the chart. It is at the upper resistance line of the channel consolidating. The bears have started pushing the price down after the market opens today but if the bulls are able to maintain their stand, the price may likely hit the resistance levels at 0.0099BTC and above.
Looking at the current Stochastic RSI on the daily chart, it appeared that the bulls are gaining momentum as the market is trying to recover from the overbought condition. If the bulls miss this opportunity, DASH price may drop to the support levels of 0.0070BTC and below, crossing the lower part of the channel. However, should the market continues the uptrend movement; DASH may swing high and still remain the dominant of the market.
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