Technical Analysis for DSHUSD for 14th April 2022
DASH is Firm, Prices Recover from the Psychological Round Number $100
Past Performance of DASH
DASH is pulling back from this week's low after a 30 percent drop from March 2022 highs. Currently, DASH is relatively firm, and buyers may reverse recent losses if there is a sharp close above $110. Overall, the coin is within a bear breakout formation following a distribution in the last ten days of March 2022.
DASH Technical Analysis
DASH is down 30 percent from March 2022 highs, steadying at around the 61.8 percent Fibonacci retracement level of February 2022 lows and March 2022 highs. As per the candlestick formation in the daily chart, sellers may find entries as long as prices are below $110 and the April 11 bear candlestick. A close below $100 may see DASH bears flow back, confirming losses of April 11 and extending losses deeper towards $85—a crucial reaction point in Q1 2022.
What to Expect from DASH
DASH is cooling off and remains under pressure. The inability of bulls to break above $140 is diffusing momentum. It may be the basis for another leg down towards Q1 2022 lows at $85.
Resistance level to watch: $110
Support level to watch: $100
Disclaimer: Opinions expressed are not investment advice. Do your research.
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