Today, DASH was seen trading above $70, and with a complete bullish sentiment in the market, the coin is reclaiming monthly height. Just around the time of writing, Dash slid from the height of $76 in the intraday, facing moderate volatility. The YTD movement of the coin is seen drawing a bearish sentiment against the YTD high hit in the initial months of the ongoing year.
DASH/USD pulled below $45 during the major market crash in March, and after that, the coin could only manage to rise as high as $101 In August 2020. However, over the past 2-month, Dash price has been drawing a significant downtrend with intermittent rise and dips in the past ten weeks.
The current bullish divergence of Dash is due to current market sentiment wherein Bitcoin is also seen trading above $11k for the 3rd day straight against the greenback.
Dash Price Analysis
At the press time, the Dash coin was seen trading at $71 after an intraday price dip below $75. It drew an extended downtrend against the US Dollar over the past ten weeks, and therefore, the coin is retaining complete support from 50-day and 200-day daily MA at $70 & $67, respectively.
With the bullish intraday move, DASH is seen breaching the upper Bollinger Band on the above 4-hourly chart. The intraday movement is tracking a positive cue for Dash coin after dropping as low as $64 in the previous month.
Dash, from the 2-month low, marked at $64, has strengthened by over 10% until the current trading price. The MACD indicator depicts a bullish divergence, and the RSI is also inclined towards the overbought zone and is lying at 59.64.