- Dash seeks support at $70 to avert potential losses to $65.
- DASH/USD path of least resistance is downwards according to the IOMAP model.
Dash recently embarked on a recovery mission after appearing to have bottomed out at $65. Before the recovery, a lower high pattern from August’s peak of $105 kept recovery at bay. On the downside, the crypto tested support at $65 severally before the remarkable breakout in the first week of October.
Dash bearish narrative eyes $65
At the time of writing, Dash is teetering at $71 while holding firmly to support at $70. On the upside, the 50-day Simple Moving Average limits movement. On the other hand, the Relative Strength Index (RSI) gradual slope towards the midline suggests an intensifying bearish grip. As mentioned, $70 is immediate support. If broken, Dash could spiral to refresh levels at $65 beforehand.
DASH/USD daily chart
The TD Sequential indicator adds