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On November 23, bulls were targeting the $45 price level, but due to strong resistance at that level, the bullish price was rejected. However, because Dash traders still have interest in buying, a support level was formed around $40. And the bull market is now pushing through the strong resistance as it approaches the $45 Dash price level again.
Dash Classic Market Price Statistic:
- DASH/USD price now: $44.4
- DASH/USD market cap: $502,451,151
- DASH/USD circulating supply:11,032,375.04
- DASH/USD total supply: 11,032,375
- DASH/USD coin market ranking: #70
Key Levels
- Resistance: $45, $50, $60
- Support: $40, $35, $30
Dash Market Price Analysis: The Indicators’ Point of View
The $45 Dash price level was the point at which the bull market was cut short in early November. If the market breaks through this $45 resistance, there is a chance that the bull market will resume its upside journey from that point. The Bollinger indicator, RSI indicator, and MACD indicator portray the market as bullish. Therefore, it is likely Dash price assume a new significant height soon. However, from the Bollinger indicator and the RSI indicator, we observe a bit of a struggle in the market as the buyers face resistance around the $45 price level. But with the general performance of the buyers in today’s market, we can expect the continuation of the bullish trend.
DASH/USD 4-Hour Chart Outlook
Looking at the market from the 4-hour timeframe perspective, the market still carries a bullish sentiment. But in the third 4-hour trading session, buyers have to deal with the strong selling pressure as bears begin to come into the market. However, with more traders willing to buy than those willing to sell and with some other traders willing to hold on, the Dash price was salvaged from falling below the current price level. With this performance, the next stop for the market will be the $50 level.
We may just be witnessing the beginning of an uptrend in the Dash market. Similar to the Dash is the Dash 2 Trade. This new project has done marvelously well since it has been on presales. D2T token presale is still live and it has realized close to $8 million. Dash 2 Trade (D2T) is a unified analytics platform for market-beating intelligence and features to take your trading experience to the next level. Additional team members have been onboarded, and its presale dashboard beta launching is coming soon.
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