Market Anaylsis of DASH/USDT:
Following the recent upward move, the DASH/USDT pair currently consolidates tightly within a short-term range from approximately $56.00 to $60.00.
The immediate resistance is situated between $60.00 and $64.00, forming the next barrier on the way toward a continued bullish action, while the more significant resistance and long-term MA(99) lies around the $70.00 – $75.00 area.
On the downside, the mid-term trend remains positive as long as the price stays above the strong support zone and MA(25) near $52.00 – $54.00.
A decisive breach above $64.00 would confirm the bullish resumption toward higher targets, while a breakdown below $52.00 would invalidate the current structure, opening the door for a deeper retracement toward the major demand zone of $40.00 – $45.00.
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