If the price jumps above the $80 resistance, the next target could be $85 or even $90
Analysts predict a bright future for Dash because it solves two of Bitcoin’s biggest problems
If the price falls below $70, it would be a “sell” signal, and we have the open path to $60.
The price of the dash (DASH) has been moving in an upward trend for the last few days, and so far there is no signal for a trend reversal. There is still some uncertainty regarding the Dash project, but if the price jumps above $80, the next target could be $85 or even $90.
Fundamental analysis: Dash solves two of Bitcoin’s biggest problems
Dash is a crypto-currency that was issued in early 2014 under the original name DarkCoin (DRC). Dash provides high security to users because it has 4500 servers and users are able to perform the transaction immediately from anywhere in the world.
Dash is already connected to various payment programs and this crypto currency might still be undervalued despite some problems. There is still a certain amount of uncertainty regarding this project, but Dash is one of the crypto currencies that you should not ignore under any circumstances.
The price of Dash (DASH) has risen from $65 to $80 in less than five days, and the current price is around $77. Most experts predict a bright future for this crypto currency as Dash solves two of Bitcoin’s biggest problems: the speed of transactions and lack of privacy.
The average block removal time on the Dash block chain is 2.5 minutes, which is about four times faster than Bitcoin. It is also important to note that transactions on the dash block chain are not traceable and the history of the coin is not accessible.
A very good team is behind this project, the basics of this crypto currency are constantly improving, but there is still a certain amount of uncertainty regarding the project. We must also not forget that regulations in the crypto-currency market can actually pose a threat to this crypto-currency.
Investors in Dash should consider that it is still a very risky crypto currency, but now might be a good time to act Dash (DASH).
Technical Analysis: Bulls focus on breaching the USD 80 resistance level
Data source: tradingview.com
On this diagram I have marked important resistance and support levels. The important support levels are $70 and $60, $80, $90 and $100 represent the resistance levels. If the price jumps above $80 it would be a signal to buy Dash and we have the open path to $85.
A rise above $90 supports the continuation of the uptrend and the next price target could be around $100. On the other hand, it would be a “sell” signal when the price drops below $70 and we have the open path to $60.
The Dash (DASH) price is currently trading above the $75 mark, and the technical picture suggests that the price could rise above $80 in November. Most experts predict a bright future for this crypto currency as Dash solves two of Bitcoin’s biggest problems: the speed of transactions and lack of privacy. There are also some obvious risks in investing in Dash at this time, but if the price jumps above $80 again, it would be a signal to buy this crypto currency and we have the open road to $90.