Unable to breach its resistance at around $150, DASH has witnessed a stagnant price action with limited action on upper and lower circuits. Each time it reaches close to $150, people start profit booking, which pushes that currency down to the $130 levels.
While some consider it a consolidation phase of DASH, others consider lack of buyer interest. Volumes were mostly limited in the few days of July, but since the last three days, we are witnessing a significant increase in trading volume. Learn more about the further possibilities in DASH.
DASH cryptocurrency Technical Analysis
Facing difficulty in trading higher, DASH is consolidating a tight price range of 15%. It needs to make a breakout in either direction to establish a clear price action. Currently trading at 75% lower levels from the highs of 7th May 2021. Hence it needs to close above $150 to inspire buyers to participate more in its valuations.
Watch out closely from DASH to make a breakout; on the downside, it has some strong support at $100. With a 30% risk, the reward on this cryptocurrency is quite large. Breaking of either the support or resistance levels will determine further price action on DASH.