#DASH Recovers after Dropping 11%, Support Lies at $55
Past Performance of DASH
Like the rest of the markets, DASH prices are recovering, pushing higher at spot rates. This follows a cool-off from March highs that saw the coin drop 11%. Presently, the immediate support line lies at around $55. Since yesterday's bar is wide-ranging and bullish, traders may look to accumulate on every attempt. However, more opportunities could be above 60 , opening the door for continuation above 65 in the days ahead.
#DASH Price Analysis
The retracement from 65 was with light volumes after a sharp leg up from mid-March. With DASH finding support at 55 and rebounding higher in a three-bar formation, traders can look for opportunities. Since yesterday's bar has high volumes, there are hints that price action is aligning with buyers from mid-March. Accordingly, traders can begin buying on dips, in line with buyers of March 12 and 13, with targets at the climactic bar of March 23. Any unexpected retracement below 55 cancels this preview, even forcing DASH toward $50.
What to Expect from #DASH?
DASH prices may be in the early stage of recovery after a cool-off from March peaks. Even though prices may push higher, it is ideal that the push is with expanding volumes to support optimistic buyers. A close above 60 may be ideal, founding the base for 65 in short to medium term.
Resistance level to watch out for: 60
Support level to watch out for: 55
Disclaimer: Opinions expressed are not investment advice. Do your research.
Like the rest of the markets, DASH prices are recovering, pushing higher at spot rates. This follows a cool-off from March highs that saw the coin drop 11%. Presently, the immediate support line lies at around $55. Since yesterday's bar is wide-ranging and bullish, traders may look to accumulate on every attempt. However, more opportunities could be above 60 , opening the door for continuation above 65 in the days ahead.
#DASH Price Analysis
The retracement from 65 was with light volumes after a sharp leg up from mid-March. With DASH finding support at 55 and rebounding higher in a three-bar formation, traders can look for opportunities. Since yesterday's bar has high volumes, there are hints that price action is aligning with buyers from mid-March. Accordingly, traders can begin buying on dips, in line with buyers of March 12 and 13, with targets at the climactic bar of March 23. Any unexpected retracement below 55 cancels this preview, even forcing DASH toward $50.
What to Expect from #DASH?
DASH prices may be in the early stage of recovery after a cool-off from March peaks. Even though prices may push higher, it is ideal that the push is with expanding volumes to support optimistic buyers. A close above 60 may be ideal, founding the base for 65 in short to medium term.
Resistance level to watch out for: 60
Support level to watch out for: 55
Disclaimer: Opinions expressed are not investment advice. Do your research.
