- DASH Token price breaks above the parallel channel and approaches a critical resistance level.
- The EMAs may soon generate bullish crossovers in the daily chart.
- The DASH/BTC token pair is trading at 0.005574 BTC with an intraday gain of 12.87%.
DASH coin price breaks out of the bullish rising channel pattern with a boost in daily volume. The coin price has managed to breach above all the EMA and heads higher in the daily chart.
As per the daily timeframe, the coin price trades above all the significant EMAs – 20, 50, 100, 200 with a significant gap. Moreover, the EMAs are rising higher and may soon attain bullish alignment.
The DASH volume of (58.5K) is above the 20-days MA (52K), projecting a rise in buying pressure.
The DASH current price is $276.54, increasing +14.23% in market cap in the last 24 hours, suggesting a rise in underlying bullishness.
The intraday trading volume of the DASH token has increased by 128% in the last 24 hours, projecting a boom in the number of DASH token buyers.
DASH Token In The 4-hour Chart
DASH continues to make higher highs eveneve above the rising parallel channel after finding demand near $116. As per price action, investors may observe a pullback to the previous resistance trendline.
The DASH coin price trades above all the EMAs of the 4-hour technical chart, increasing in a bullish alignment. These rising significant 20/50/100/200 EMAs can be helpful as reliable support levels for a bearish reversal.
Bullish RSI projects a gradual increase in slope. The ADX indicator indicates a high trend momentum.
Conclusion – The DASH Token price is rising higher in a bullish uptrend with the support of increasing buying pressure. The DASH price may seem bearish as it struggles to reach the resistance level of $300, but the increasing underlying bullishness may shortly lead to a price jump above the resistance.
Support – $250 and $200
Resistance – $300