Will Dash Reflect Bullish Breakout Soon?

Dash has made into the Chinese market. It has announced of partnership with the FAMEEX app. This app is a Singapore based investment and digital assets trading app. For now, it offers trading on certain pairs- DASH/USDT, DASH/BTC & DASH/ETH at reportedly low cost. As the cryptocurrency ecosystem is growing, spreading its tentacles to a new market is a positive sign for Dash Coin.

To make transactions more secure and discreet on your device, Dash has released Dash Electrum It supports Dash masternodes, InstantSend, and PrivateSend. With many other fixes, the new version of Electrum has upgraded a few things in its User Interface as well.

Dash Price Analysis

Dash News Price
DASH/USD Chart By TradingView

Dash started trading around $41.71 on the beginning of the ongoing year after last year’s not so impressive performance. It carried massive volatility with it for the initial three months of this year. Over the first 15 days, DASH managed to record a steep hike, which took the price to $133.69, making more than 200% increment from $41. However, it couldn’t stand there for long and fell below $95 in a week. Later, by February 12, it marked a new high at $138.64.

Yet again, Dash failed to sustain the momentum, and on March 13, it shrunk significantly to the low at $31. However, since then, the currency has been slowly recovering. Currently, it trades around $70 with moderate momentum. The MACD hints at a bullish crossover. As per the technicals and the current price movement, DASH might reflect steep upside breakout in the near term and cross its previous resistance of $95.

Daniel Garza

Daniel Garza is well-known for his writing skills and works as a lead content writer in our team. He also has a deep interest in cryptocurrency funds and guides people on how to deal with a cryptocurrency exchange.

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