• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Dash Price Technical Analysis
Sensei Inu Logo

Dash Price Technical Analysis – DASH/USD May Correct Further

Aayush Jindal by Aayush Jindal
6 years ago
in Cryptocurrency Market News, Technical analysis
Reading Time: 2 mins read

Key Highlights

  • Dash price after testing $150 against the US Dollar found resistance and started a downside move.
  • The DASH/USD pair is currently correcting lower, and broke a bullish trend line at $140 on the hourly chart (data feed from Poloniex).
  • There is a chance of an extended correction towards the $125 level if sellers remain action.

Dash price (DigitalCash) after a nasty surge against the US Dollar and Bitcoin made a top. DASH/USD is currently correcting and may trade towards $125-130.

Dash Price Rise and Decline

In the last analysis, I mentioned that as long as Dash price is above $105-110 against the US Dollar, there is a chance of a move towards $135. The price did move towards $135, and also managed to break it. The upside move was very strong, as the price cleared the $140 and $145 resistance levels. A new weekly high was formed near $150.50 where the price found resistance and moved down.

A correction wave was started, as the price moved below the 23.6% Fib retracement level of the last wave from the $94 low to $150 high. Moreover, the DASH/USD pair also broke a bullish trend line at $140 on the hourly chart. It has ignited a downside wave towards $125. The pair is currently finding support just around the 38.2% Fib retracement level of the last wave from the $94 low to $150 high at $128. It may correct a few pips higher, but remains at a risk of more declines below $130.

Dash Price Technical Analysis

In my view, the price may test $122, which coincides with the 50% Fib retracement level of the last wave from the $94 low to $150 high. The 100 hourly simple moving average is also near $120. So, if the pair corrects lower, there can be a major buy zone near $120.

Looking at the indicators:

Hourly MACD – The MACD for DASH/USD is currently in the bearish slope.

Hourly RSI – The RSI for DASH/USD is heading lower, and below 50.

Intraday Support Level – $125

Intraday Resistance Level – $145

 

Charts from Poloniex; hosted by Trading View

Tags: Dashdash priceDash price analysisDash price chartDash Price ForecastDash Price Technical AnalysisOpiniontrading
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Polkadot

Polkadot Cross-Chain Bid Takes Flight As DOT Battles Uncertainty

1 hour ago
FTX

FTX CEO’s Asset Recovery Escalates As Sam Bankman-Fried Trial Looms

9 hours ago
CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

CRV Spikes 22% In 2 Weeks As Whale Withdraws From Binance

10 hours ago
Polkadot parachains

Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?

13 hours ago
81 Fresh Binance Wallets Withdraw $31.58 Million LINK

81 Binance Wallets Withdraw $31 Million In LINK, What This Mean For The Altcoin

14 hours ago
Brave Zcash ZEC ZECUSDT

Privacy For All: Brave To Integrate Zcash Protocol On Native Crypto Wallet

16 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Arbitrum (ARB), Toncoin (TON), and Tradecurve Markets...

    22 hours ago
  • Top Meme and Utility Tokens to Watch Out For in 2023...

    22 hours ago
  • Bitcoin Miners Go Bankrupt As Bitcoin Spark Looks To...

    22 hours ago
  • Massive Potential Unveiled: Hedera, dYdX, Kangamoon, Poised...

    22 hours ago
  • Uwerx’s Recovery Blueprint Ignites Momentum With The...

    24 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.