DASH Technical Analysis: A Fall To $70 Is Real

Today is the anniversary of the DASH cryptocurrency- one year since the bearish market trend began. Starting in May 2021, buyers were allowed to form a falling wedge on the DASHUSDT weekly chart. During the year, sellers managed to lower the DASH price by 80%. However, this contrast is better if you imagine that in May 2021 you bought DASH for $400 and now the coin is worth $80. So far $80. Looking at the rhetoric of Bitcoin price, the probability of a continued decline in the entire crypto market is high. And the DASH cryptocurrency is not yet behaving as a favourite revolutionary who is able to offer the cryptocurrency market some alternative. Sellers managed to break the $87 range in the weekly timeframe. It is a local range that is not of strategic importance, but could be a good starting point for buyers to build a local growth wave with a target of $155. https://www.tradingview.com/x/znSah6c2/ However, the trading week on 2 May showed complete weakness of buyers. Sellers in early May without the use of force (increased volumes) managed to easily push the price below $87. So far, the DASH price is below this mark. Our main scenario – the DASH continues to fall to $70. At this point, the lower trend line of the falling wedge and the important liquid zone intersect. It was after fixing above the $70 liquidity zone in November 2020 that buyers began their final growth wave with the final target of $478. Technical Analysis Of...