DASH Coin Also Surging, Reaching $420 Today

DASH/USD has broken last month's highs today, trading above $400

Written by: Skerdian Meta • Wednesday, May 5, 2021 • 1 min read

• Last updated: Wednesday, May 5, 2021

Cryptocurrencies went through the largest retreat in the second half of April, since the massive one in early 2018. This retreat set the crypto market 10-20% back and the majority of digital currencies haven’t made up for the losses yet.

Some of them are not waiting for BITCOIN of the broader market though, as they keep pushing up, making new highs. ETHEREUM , LITECOIN , Chainlink etc are extremely bullish right now, making new record highs every day almost.

DASH Live Chart

DASH/USD

DASH is among one of the cryptocurrencies which are surging. DASH/USD retreated to $230s from above $400, but it reversed higher during the last week of April and in the past week it has been surging higher.

DASH pushed above he previous highs today, reaching $420, although it has pulled back, but still trades above $400. So, the pressure remains really bullish here as well, which is tempting for buyers, but we are already long on other cryptos, therefore we arr staying out for now, until we see a decent pullback lower.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.