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DASH Price Analysis: DASH Coin Price Continues To Rise Upwards For The New Highs

  • DASH crypto price is currently seeing a bullish momentum on the daily chart. It may see a new high of $200 soon.
  • Technical indicators suggest an upwards momentum in DASH price for upcoming days. Meanwhile, DASH/BTC pair is observing a gain of 3.47% in the intraday session.

DASH coin price is currently in an uptrend on the daily chart and can see a strong bullish momentum in the future. It is currently trading near the value of $145 and has seen a gain of more than 22% in the last 24 hours. DASH has an ROI of more than 57500% which has placed the coin on the top of other altcoins and private coins.  The bullish momentum of DASH on the upside can see a halt near the value of $200. The bounceback region in price on the downside can be placed near $100. Dash coin price is trading below 50 and 100 Days Moving Average. . The 50MA line is near the level of $155, making it temporary resistance for the price. The asset price can soon see a breakout above the DMA. It is seeing a strong uptrend and can break the previous resistance created in the past. DASH/BTC pair can also observe a strong bullish momentum in the future. 

DASH coin is currently ranked 50th in the CMC and has a market dominance of more than 0.15% . It is currently down by more than 91% from it’s all time high of $1642 . The volume to market capitalization ratio of the DASH suggests a continuation of an uptrend for upcoming days. One can invest in DASH according to the price action and its risk capacity.

Bulls Are Gearing Up For An Another Marathon In DASH Coin Price

Source: Trading view

DASH weekly technical chart highlights that the price may observe a consolidated momentum for a few weeks. The price of the coin has seen a gain of more than 26%  in the weekly time frame. On the daily chart the price has given a breakout from the downtrend in price. If the price continues the same trend then it can soon breakout above the $200 in the future. DASH/BTC pair can also observe a strong bullish momentum in the future. One can wait for further confirmation before investing in DASH.

Conclusion

DASH coin price has given significant returns to the investors in the past and can do the same in future. DASH/BTC pair can also observe the same gains in upcoming days. Investors should do their due diligence before investing.

TECHNICAL LEVELS

Major Resistance:$200

Major Support:$100

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.