In This Article:
Key Highlights
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DASH rose by 1.88% on Sunday, reversing Saturday’s 0.45% fall, to end the day at $193.69.
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Sunday’s recovery pulled DASH into positive territory for the week, DASH ending the week up 0.1%, Monday through Sunday.
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DASH fell through the first major support level at $186.41 to an early morning intraday low $183.81 before recovering.
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A late in the day rally saw DASH break through to an end of day intraday high $193.69, falling short of the first major resistance level at $194.26.
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The moves through the week reaffirmed the extended bearish trend formed at late April’s swing hi $547.97
DASH Price Resistance
DASH gained 1.88% on Sunday, reversing Saturday’s 0.45% fall, to end the week up $0.1% at $193.69.
A particularly volatile day saw DASH slide through the first major support level at $186.41 to an early morning intraday low $183.81 before finding support, DASH managing to steer clear of the second major support level at $182.7.
Tracking the broader market through the day, an early afternoon reversal saw DASH fall back through the first major support level at $186.41 to an afternoon low $185.37 before rallying through to $190 levels and a day ending intraday high $193.69.
In spite of Sunday’s gains, the week’s 0.1% rise did little to dent the previous week’s more than 9% fall, with the extended bearish trend formed at late April’s swing hi $547.97 firmly intact, DASH having last broken out from the 23.6% FIB Retracement Level of $229 to test selling pressure at the 38.2% FIB Retracement Level of $290 back in mid-July.
At the time of writing, DASH was up 3.25% to $198.4, with Sunday afternoon’s rally continuing into the early hours, DASH rising to a morning high $199.593 within the first hour before easing back, DASH breaking through the day’s first major resistance level at $196.99 to come up against resistance at $200 before easing back.
For the day ahead, a move back through the morning high $199.59 would support another attempt at $200 levels to bring the second major resistance level at $200.28 into play, sentiment across the broader market to then dictate whether DASH can hold on to $200 levels or face a late in the day pullback.
Failure to take another run at the second major resistance level at $200.28 could see DASH hit reverse later in the day. Holding on to $190 levels through the morning will be key, with any pullback to sub-$190 levels likely to bring the day’s first major support level at $187 into play before any recovery, which would be dependent upon the news wires.