$DASH has fallen below the 50 level and is now trading at 49.95.
The round-number level itself has no special significance, but buy and sell orders, stop-losses, and psychological expectations tend to cluster around it, so the tussle between bulls and bears is often back and forth.
The key is whether a rebound can reclaim 50. If it cannot, the level will turn from support into resistance.
The round-number level itself has no special significance, but buy and sell orders, stop-losses, and psychological expectations tend to cluster around it, so the tussle between bulls and bears is often back and forth.
The key is whether a rebound can reclaim 50. If it cannot, the level will turn from support into resistance.