Dash Nears $100 after Strong Weekend Rally
Dash (DASH) rose for the fourth day in a row, gaining over 2% on Monday. It jumped 21% on Sunday. The recent listing on Aster, a Binance-backed decentralized exchange, helped push DASH higher. The price now approaches the $100 mark. If it closes above $100, the next target is $108.
Dash’s 50-day, 100-day, and 200-day moving averages show a steady upward trend. The Relative Strength Index (RSI) is 83, indicating strong buying pressure. The Moving Average Convergence Divergence (MACD) also shows strong bullish momentum.
Key support levels for Dash are $84 and $68, set by previous pivot points.
Aster Rallies after Changpeng Zhao Buys $2 Million in Tokens
Changpeng Zhao, former Binance CEO, bought over 2 million Aster (ASTER) tokens on Sunday. This triggered a sharp rise in ASTER price over the weekend. Zhao said he plans to hold the tokens, repeating his strategy with Binance Coin (BNB).
Aster’s price broke out of a downward channel but struggled to pass $1.29 resistance. On Monday, ASTER dropped over 4%, risking a fall back to $0.93, the October 23 low.
If ASTER breaks $1.29 again, it could rise to $1.59, the October 13 high. However, the 4-hour RSI is 60, lower than the overbought zone. The MACD lines are also converging, which may signal a drop soon.
Internet Computer Faces Resistance at 100-Day Moving Average
Internet Computer (ICP) rose above $4 on Monday after gaining 24% on Sunday. The rally broke a local trendline from August 13 to October 5. But ICP met resistance at the 100-day moving average near $4.28 and is testing the $4.11 level.
If ICP climbs above $4.28, it could reach the 200-day moving average at $4.99. The daily RSI is 64, showing room to grow before hitting overbought levels. The MACD is rising towards a bullish crossover.
If ICP falls below the 50-day moving average at $3.80, the price may drop to the $2.93 pivot point.
