DASH Prices ould Breakout in Either Direction Soon
DASH is likely to experience huge volatility soon, while the coin is traded in a narrow trading range of $24.00-28.00 since the middle of August. This is a record low volatility at the moment.
However, the direction of prices are not clear yet. There are no positive drivers to push prices up, but there are also no major negative news. The last negative news came in July 2023 when SEC named DASH among six crypto tokens as securities. Another negative sign has emerged when Dash has performed almost no reaction to “fake” approval of the first spot Bitcoin-ETF for BlackRock by the SEC. Dash prices slipped by 4.0% to $25.00 per coin.
Meanwhile, Bitcoin added 5.0% this week. With this in mind Dash is seen rather weak. If prices will dive below the support at $25.00 the coin may easily slip to $20.00.
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