• On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $173 overhead resistance level.
• The price is above the EMAs but is characterized by small body candlestick which described the indecision between the buyers and sellers.

DASH/USD Medium-term Trend: Ranging

• Resistance Levels: $160, $170, $180
• Support levels: $150, $140, $ 130

Yesterday, June 20, the price of DASH was in a bullish trend zone. On June 4, the DASH market had a downward correction to a low at $143 from its recent $173 overhead resistance. On June 4, the crypto’s price was below the 12-day EMA and the 26-day EMA which suggested that price may likely fall.

On June 10, the bulls made an upward move and broke above the EMAs. The crypto’s price is above the EMAs which suggest that price may likely rise. The price is above the EMAs but is characterized by small body candlesticks which described the indecision between the buyers and sellers.

On the upside, if the price is sustained above the EMAs, the crypto’s price will rise to retest the $173 overhead resistance level. Meanwhile, the DASH market is at the overbought territory of the daily stochastic indicator but above 60% range. This means that price is in a bullish momentum and a buy signal.

DASH/USD Short-term Trend: Ranging

On the 1-hour chart, the DASH price is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally. The crypto’s price is fluctuating below and above the EMAs. Today, the bulls tested the $166 price level and were resisted.

The crypto’s price is retracing to the support of the EMAs. Nevertheless, the DASH market has reached the overbought region but below the 80% range of the daily stochastic indicator. This indicates that the DASH price is in a bearish momentum and a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.