- DASH coin over the monthly chart builds up a positive price pattern while trading above all major moving average lines.
- The crypto asset is currently placed above its vital DMA of 20, 50, 100, and 200-day lines, but the volume activity over the chart is lower.
- The pair of DASH/BTC is trading at 0.003464 BTC with an intraday jump of +8.27%, and the ratio of DASH/ETH is CMP at 0.05152 ETH with a 24-hour change of +6.38%.
DASH coin at the monthly time frame forms the bullish engulfing candle after suppressing its vital moving averages. Meanwhile, the token is now looking bullish after a breakout from the sideways momentum. DASH Bulls seems to get charged up as the token started to sustain above its major moving averages of 20, 50, 100, and 200-day lines.
Volume activity over the monthly chart is still lower and needs a substantial increment in upcoming trading sessions. However, the sustainability above all DMA lines will give more confidence to bulls to overpower the bears. Support on the lower side is $187 and $169, whereas resistance on the higher side is $229 and $264.
DASH coin over the 4-hour time frame is trading under the parallel channel pattern
DASH coin projecting a sideways move over the 4-hour time frame while trading under the parallel channel pattern. The coin is making higher highs and lows patterns, but the volume activity is lower. The technical parameters are projecting a slight caution for longs after a sharp rally from lower levels. Similarly, the RSI also reaches near the overbought zone, and the price action also reaches the higher band of rising channel patterns. DASH price is trading at $210 with an intraday rally of +7.66%, and the volume to market cap ratio is 0.1543.
Relative Strength Index (CAUTION): DASH coin RSI is heading towards the overbought zone at the weekly chart. In contrast, the coin is trading near the rejection zone of the chart pattern and projects slight caution with longs, RSI at 71.
Moving Average Convergence Divergence (BULLISH): The daily chart projects a positive trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line (red).
Support levels: $187 and $169
Resistance levels: $229 and $264.