DASH Price Analysis – April 19
On the daily chart, DASH/USD rides the bulls as traders are expected to have a great week ahead.
Resistance levels: $98, $100, $102
Support levels: $67, $65, $63
If the DASH trading volume can continue to increase steadily, a bullish run is likely to continue. Following the recent price, DASH is currently facing a critical resistance at $85 level above the 9-day and 21-day moving averages. A break above the ascending channel could produce a huge green candle to the upside, marking resistances at $98, $100 and $102 levels. By then, the DASH/USD market could follow a bullish run.
However, a bearish step back is likely to roll the market back to $67 support with a possible break down to $65 and $63 supports, establishing a new low for the market. Looking at the chart, we can see that the trading volume is rising slowly, giving a sign of an upcoming big move. The RSI (14) signal line faces the positive zone, reflecting a bullish momentum in the market.
Against Bitcoin, the DASH price is bullish. The market movement formed an ascending channel on the chart. It is at the upper resistance line of the channel consolidating. The bears started pushing the price down after the market opens today but the bulls quickly stood firm and pushed it back to the north, the price may likely hit the resistance levels at 0.0128 BTC and above.
However, looking at the current RSI (14) on the daily chart, it appeared that the bulls are controlling the market. In other words, if the coin drops below the moving averages, DASH price may likely drop to the support levels of 0.010 BTC and below.
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