- DASH price trading on a bullish note after breaking out from the triangle pattern and currently placed above all the major moving averages
- The pair of DASH/BTC is trading above all the major moving averages of 20,50 and 100-DMA CMP at 0.004514 BTC with intraday gains of +6.89%
Over the monthly chart DASH price broke out from the triangular pattern and with the supportive volume action. The coin is successfully trading above all the major moving averages of 20,50,100 and 200-Day. This indicates the bullish momentum of the coin. However, over the daily time frame, the volume is felt below the average volume. Support on lower levels is situated at $187 and $150. The resistance on the higher side is situated at $303 and $338. The volume required is not much and a negative retracement is expected in upcoming trading sessions.
DASH price trading on a bullish note
DASH price over the weekly time frame is trading on a bullish note, as it formed a rising wedge pattern. The volume over the daily chart increased and some weakness is observed at the higher side. The coin is trading at the price level of $263 with an intraday gain of +6.15%. Volume in the last 24-hour jumped nearly 85.52% standing at $1,820,838,072 and the total market capitalization stands at $1,820,838,072 increased nearly +6.91%. For short-term support is placed around $250 and $225, likewise, the resistance on the higher side is situated at $278 and $300.
Relative Strength Index (BULLISH) indicates bullish momentum while trading at 76.62. However, it is heading towards the overbought zone after recovering from lower levels, and a short-term retracement is expected.
Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart, as it is trading with the significance of the buyer’s signal line (green) over the seller’s line (red). However, both lines are heading closer to each other, and the crossover can generate Bearish momentum in upcoming trading sessions.
Support levels: $187 and $150
Resistance levels: $303 and $338