Bears Pull Dash Price to $104 Due to Strong Bearish Influence

Dash coin exhibited huge improvement in the first 45 days of the quarter. The price was spotted touching new highs every other day. During the last seven days, the coin was seen breaching 30-days high once again and setting a new at $136. However, in the last two days, the price of Dash cryptocurrency has been dropped badly. The price fell to $120 level yesterday, and today, it is hovering around $105 mark.

DASH Price Analysis

Yesterday, Dash coin was trading at $120 in the initial hours, but then, the price picked up the pace and touched $123 by a moderate hike of 2.64%. Later, the price locked around $121 till 12:01 UTC. From this price point, DASH currency started trading downwards and the price dropped to $101 by a massive fall of 16.51%. After registering this low, the coin marked a moderate hike to $110 by an 8.96% hike. Dash price dropped to $106 at 19:52 UTC and then, it moved to $112 by 5.41%. The intraday movement reflected 8.25% regression.

Today, Dash crypto began the day with a moderate plunge. The price counters moved from $110 to $103 by 6.29% fall. Later, the currency hanged tight around $104. As per the MACD indicator, the signal line moved above the MACD line recently. The same might reflect the downside movement of the coin in the upcoming hours. This can be taken as an indication of a further drop. A few minutes ago, Dash was spotted breaching the immediate support level at $103. The coin has recovered but the possibility of dropping to the next support level at $94.51 in the upcoming days.

Resistance & Support Levels

R1: $122.13, R2: $132.47 and R3: $141.11

S1: $103.15, S2: $94.51 and S3: $84.17