- Dash Coin Value looked to regain the bullish regime during the current market session with a positive breakout above $130
- The price levels received a positive bounce back after touching the critical support point placed at $110
- The DASH/BTC pair also turned positive with an overall gain of 0.13% bringing the current level to 0.003733 BTC
The weekly chart of Dash reflects on the significant negative retracement faced by the price levels after suffering a negative breakout below the crucial mark of $130. The crypto asset sharply plunged to the crucial support point of $110.00 from which the bulls made a recovery. During the current market session, the price levels had a positive breakout above $130 indicating that the coin is looking to regain the bullish regime. Dash coin value is currently standing at $130.04 with a minor loss of -0.47% bringing the market capitalization to $1,272,204,919 resulting in a decline of 3.66%. The 24-hour volume traded has reached $1,948,278,697 causing a decline of -33.94%.
Dash Coin Value Forming Consolidation range on Technical Chart
The technical chart of Dash highlights the negative retracement faced by the price levels after testing the critical resistance level of $160.00. The bearish trend for Dash coin value ended after the major support level of $110.00 came into play. During the current market session, the price levels looked for a positive breakout from the descending triangle pattern. It was also observed that the price levels are looking potential to form a consolidation range between 0.618fib level to 0.382fib level.
The relative strength index (RSI) is showcasing a positive nature with the current level of 53.29 and will be looking for a positive breakout to the overbought region in the upcoming market sessions.
The moving average convergence & divergence (MACD) levels have consolidated on the histogram line.
The commodity channel index (CCI) had a positive breakout to the overbought region and sustainability over a longer timeframe can provide positive momentum to the price levels.
Resistance Level: $135.00 & $145.00
Support Level: $120.00 & $110.00
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