DASH is finally broken out of its $150 range on all exchanges and is recharging for its move to $200. DASH is likely to bounce off of $200, but will return strong to the $230 level and beyond. DASH has been very resilient through all recent drops and maintained its price quite well. It has met selling pressure at $150 repeatedly, but having broken this range it will likely move quickly to break towards $200.
Comment:
The move tonight was extremely strong and unrelenting all the way to $200. There will be pull-back but buyers for DASH seem to eyeing for much higher than $230 with the move I saw tonight. Hold positions, as things moved extremely quickly. It's likely that the bulls will carry this much higher in the coming days. Wait until we break $230 and re-evaluate based on the strength seen in the bulls. There is a chance that this could push beyond $250 if the momentum continues like this.
Comment:
Looks very well supported at the $150 level. DASH continues to impress as it continues to resist the drop with the rest of the market. We should see DASH recover to retest the $200 level.
Comment:
We broke the $150 level, but returned quite quickly. There is a lot of fear in the market with the new money that came in recently. This is similar to January when new money fear caused a massive drop in the market. The macroeconomic fundamentals haven't changed, and if January was a lesson for how this will go, the market may remain subdued for 1-2 weeks, but will come back with a vengeance.