DASH Price Rallies 10%, Next Bullish Targets $90, $95
Dash price rallied recently and broke the $73.00 and $80.00 resistance levels against the US Dollar. DASH/USD is placed nicely in an uptrend and it could retest $90.00 or even $95.00.
Key Talking Points
Dash price started a nasty upward move after it broke the $74.00 resistance (data feed by Kraken) against the US Dollar.
There was a break above a consolidation pattern with resistance at $74.00 on the 4-hour chart of DASH/USD.
The price is now placed well above the $80.00 level, with chances of more gains towards $88.00-90.00.
DASH Price Chart Analysis
Recently, there was a solid support base formed near the $65.00 level in DASH price against the US Dollar. Buyers gained control and they were able to push the price above the $70.00 and $75.00 resistance levels.
Looking at the chart, DASH price started a convincing uptrend above the $75.00 resistance and the 100 simple moving average (4-hours). During the climb, there was break above a major bearish trend line at $67.80 and the $74.00 pivot level.
More importantly, there was a break above the 61.8% Fib retracement level of the last decline from the $87.45 high to $64.34 low. Besides, there was a break above a consolidation pattern with resistance at $74.00 on the 4-hour chart.
The price gained traction and moved above the $80.00 resistance. At the moment, the price is trading near the 76.4% Fib retracement level of the last decline from the $87.45 high to $64.34 low.
Should buyers push the price above the $82.00 resistance, there could be further gains towards the $86.00, $88.00 and $90.00 resistance levels. Any further gains could lift the price towards the $95.00 resistance levels in the near term.
On the other hand, if there is a downside correction in DASH price, buyers are likely to protect losses near the $80.00 and $78.00 support levels. The main support is near the $74.00 level, which was a resistance earlier. Overall, the current price action is positive, and the recent bullish moves in litecoin, bitcoin, ripple, Ethereum, binance coin could help other altcoins as well.