DASH/USD Reaching For the $45 Resistance Level

The $45 price level was the point at which the market previously had a steep fall on November 8. As the price was rejected at that level, a 2-day bearish followed. And the downward movement of the price was significantly strong. However, the bear market was cut short at the $32 support price level. Then a price consolidation trend ensued as Dash sellers are still proving strong. After the brief period of price consolidation, buyers take control and drive the price upward.

Dash Market Price Statistic:

• DASH/USD price now: $78.83
• DASH/USD market cap: 474,917,959
• DASH/USD circulating supply:11,015,887.14
• DASH/USD total supply: 11,015,887
• DASH/USD coin market ranking: #71

Key Levels

• Resistance: $80, $85, $90
• Support: $60, $55, $50

Dash Market Price Analysis: The Indicators’ Point of View

The bullish trend is with very strong momentum. Looking at the trading session between yesterday and today, the RSI line rises in an almost vertical manner. The RSI line rises from 42 to 60 between yesterday and today. The Bollinger band also illustrates the changes in the market direction. The price channel formed by the two bands was initially moving in a downward direction, but as the bulls gain upper hand, the price channel is now moving in an upward direction.

DASH/USD 4-Hour Chart Outlook

The bullish momentum reduces as the market now approaches the $45 resistance level. However, the bulls are still strong to run the market although for now, the market may have a brief price retracement. Some traders are going short, seeing that the market is in the overbought zone. Yet an almost equal amount of traders are still buying at this point. The Dash market may experience a bit of price retracement after which the market may continue to trend upward.

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