Though a relief rally is possible, we anticipate the pair to consolidate for the next few weeks before making its next move.
DASH/USDDash made the list of top performers for the second successive week with a rally of about 50% in the past seven days.
It gained sharply in the early part of the week and then gave back some of its gains in the latter part of the week.
After a volatile week, what can the traders expect in the next few weeks? Let's study its chart.
The DASH/USD pair rallied from a low of $63.7104 to a high of $142.3419 in the week, which is a gain of 123.42%. The pair picked up momentum after crossing above the overhead resistance at $77.7262, as suggested in our previous analysis.
We anticipate the pair to consolidate in the top half of the range for the next few weeks, similar to how it had done in June of last year.
If the bulls fail to push the price back above $10, the pair might extend its stay inside the range for a few more weeks.
BCH/USDBitcoin Cash made it to the list of top performers with a rally of about 23% in the past seven days.
This is the fourth successive week that BCH has been among the top performers.
The BCH/USD pair broke out of the overhead resistance at $360 and made a high of $403.88 during the week.
Top-5 Cryptos This Week: BSV, DASH, ETC, MIOTA, BCH
Published on Jan 19, 2020
by Cointele | Published on Coinage
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