Dash Slides 31%, Tests Key Support Zone

Dash (DASH) has been on an impressive rally in recent weeks, rising by a remarkable 165% from $29.62 to $78.68 within three weeks.

The privacy coin benefited from the strongly bullish sentiment generated by Zcash (ZEC), one of its leading competitors.

However, Dash has since entered a corrective phase and is currently testing the critical $55 support zone.

Despite the retracement from $78, bulls can take heart from the fact that key multi-month resistance levels have been breached and are being flipped to support.