- Dash price remained in a heavy bid mode against the US Dollar and Bitcoin.
- There is a nice connecting bullish trend line formed on the 4-hours chart of DASH/USD (data feed from Poloniex) with support at $90.
- The price might continue to rise and bound to settle above the all-important $100 level.
Dash price remains in a solid uptrend, as the price soared by more than 50% against the US Dollar. DASH/USD now looks set for more gains above $100.
Dash Price Looking Super Bullish
During the past few days, we saw how Dash price marched higher and climbed above $50, $60, $70 and $80. The price even broke the $100 level recently and traded as high as $102.35. There are many positive signs for more gains in the near term, and DASH/USD is likely to trade further higher. The price is now back below the $100, but remains supported on the downside.
There is a monster bullish trend line with support at $90 formed on the 4-hours chart of DASH/USD (data feed from Poloniex). Moreover, the 23.6% Fib retracement level of the last wave from the $48 low to $102.35 high is also around the same trend line. So, we can say that there are a lot of support levels on the downside above $90. So, if the price moves down, it can find buyers on the downside near $90. Only a break below the trend line support could take the price towards 38.2% Fib retracement level of the last wave from the $48 low to $102.35 high.
On the upside, the price may soon break the $100 handle once again and trade above the last high of $102.35.
Looking at the indicators:
4-hours MACD – The MACD is placed nicely in the bullish area.
4-hours RSI – The RSI is in the overbought levels and remains supportive of more gains.
Intraday Support Level – $90
Intraday Resistance Level – $102
Charts from Poloniex; hosted by Trading View