DASH Decreases to Test $31 Support Level

Strong seller momentum in the DASH market

DASH Price Analysis – November 14th

Further pressure from sellers could push the price down to the $29 level and break through that level, moving the coin to the $28 level. If the bulls defend his $31 support at his level, the DASH could tip and he could face resistance levels at $35, which could rise to $37 and $39.

Dash/USD Market

Main level:

Resistance Levels: $35, $37, $39

Support levels: $31, $29, $28

DASH/USD Long-Term Trend: Bearish

DASH is bearish on its long-term outlook. The bulls initially pushed the coin out of the long-term move on Nov. 4, testing the $45 resistance level. The bears were able to counter the Bulls at the aforementioned levels with a strong bearish daily candle formation swallowing the previous candle. Price tested the $31 support level.

The 9-period EMA has broken above the downside of the 21-period EMA, but the coin is trading below 2 EMAs, indicating a bearish move in the DASH market. More pressure from sellers could push the price down to the $29 level and break through it, moving the coin to the $28 level. If the bulls defend his $31 support level, the price may move higher and face the $35 resistance level, which could lead to a rally to $37 and $39.

DASH/USD Mid-Term Trend: Bearish

DASH/USD is bearish on the 4-hour chart. The $48 resistance level holds the price when the bulls have failed to gain enough pressure to break it down. With the bears outperforming the bulls, the price is now down and is at 31 The dollar is about to break through the support level.

DASH is trading below the 9-period EMA and the 21-period EMA, which indicate a bear market. However, the Relative Strength Index period 14, with the signal line pointing to 42, means a buy signal.

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