Dash Is Seeking a Solid Ground at $20-21 for a Recovery
Dash (DSH) is currently trading at $23.17 this week, holding steady despite a dip to $22.52 per token on Monday. Bitcoin (BTC), after losing 2.0% earlier today and reaching $57,091, managed to recover and move into positive territory with a 0.3% gain, reaching $58,470. However, Bitcoin remains close to a critical support level at $60,000. If it slips further, it could drop by 14.0% to $50,000, potentially causing significant disruption in the crypto market.
September has historically been a challenging month for cryptocurrencies, with an average market decline of 4.5%. Given this, Dash is seeking to establish a strong support level that could bolster its recovery efforts. This crucial support zone is identified at $20.00-21.00 per token. In the event of a broader market downturn, this level is expected to help Dash avoid deeper declines.
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