Categories: CoinsMarket Analysis

DASH Technical Analysis for 01/19/2016 – Massive Pivot Zone at 0.011

DASH has doubled in value in the space of ten days, but the relentless trend seems to be showing signs of weakness. The 0.011 area has turned into a major battle zone. This level has been used as resistance about six times since the 15th of January. Price attempted to break above this level a few times yesterday and today, but failed. DASH is currently trading under this area and the probability of further selling increases the longer price stays under 0.011.


Price broke under 0.011 today, but it also closed under the trend line. This confluence of events leads me to believe that the bull market may be in serious trouble. The only way the market will rally to 0.013 again is if price can make it above 0.011!


If there is another sell-off in the next few days, the 0.0097 area will probably come into play. This level provided ample support on January 17, so I would not be surprised if this area acts as support again.


Related Post



Disclaimer:  This is not trading/investment advice!

Chart source:

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.


Published by

Recent Posts

Ushering in a Brand New Ecology in Game: How Does HashLand Become a Vanguard to Guarantee Floor Value?

For some time in the past, Gamefi was criticized by many people as a lofty…

3 hours ago

Robinhood Shiba Inu Listing Not Happening This Year, Especially After the Recent Security Incident

With Robinhood's recent security incident that leaked over 5 million users' names and email addresses,…

4 hours ago

Loopring Price Down 10%, Is LRC a Good Investment for 2022?

There's no doubt that the cryptocurrency market has been experiencing a rough couple days. Loopring's…

5 hours ago

Here’s Why Precious Metals Belong in Your Portfolio

Whether you already have a large portfolio or you’re just getting started in investing, precious…

7 hours ago

Gala Price Doubles After Town Star Nodes Announcement

Gala price is up over 93% today, making it the biggest gainer on, followed…

10 hours ago

Shiba Inu Price Holding Support as the FUD Continues

Shiba Inu's price continues to hold the $0.000049 support level amid FUD from major news…

12 hours ago

This website uses cookies.