DASH/USD Price Analysis – July 23
The significant resistance levels to take note at the upside; the $74.16, $78.97, and $84.14 in case the coin experienced a bullish breakout.
Resistance levels: $74.16, $78.97, $84.14
Support levels: $68.37 $65.29, $60.00
DASH/USD is about to commence an uptrend. The coin was displaying a declination trend in the last few days in which the price tested the support level of $65.29. The interruption of the buyers at the just mentioned level returns the price to retest the resistance level of $74.16. DASH price is currently consolidating within the $74.16 and $68.37 price levels after crossing the 9-day and 21-day moving averages.
The significant resistance levels to take note at the upside; the $74.16, $78.97, and $84.14 in case the coin experienced a bullish breakout. Should the bears increase their momentum and break below moving averages and the support level of $68.37, the bearish wave could be triggered, and further supports could be found at $65.29 and $60.00 levels. Dash Coin (DASH) may continue the uptrend as the technical indicator RSI (14) with its signal line at 60 levels pointing upside suggesting more bullish signals.
DASH paired with Bitcoin, the DASH coin price has commenced consolidation movement as far back as 30 days ago. The coin is hovering over and around the 9-day and 21-day moving averages and within a major support area at 0.007612 and resistance area at 0.008276 BTC.
From the chart above, should the bulls could push up the price above the resistance level of 0.008276 BTC, higher resistance lies at 0.009838 BTC, 0.01137 and above. The inability for the bulls to move the price above the aforementioned levels, then, the nearest level of support toward the downside may be found at 0.007612 BTC, 0.006000 and below. The Relative Strength Index period 14 is moving below the 50-level, which shows that the price may decline.