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DASH Price Analysis: DASH Crypto Price Is Ready To See A Breakout Above 50MA

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DASH Price Analysis: DASH Crypto Price Is Ready To See A Breakout Above 50MA
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  • DASH coin price bull trend is currently observing a weak upside trend and can soon see a new high. It has observed a gain of more than 3% in the past 24 hours.
  • Technical indicators of DASH suggest a strong bull trend in the price for the future. Meanwhile, DASH/BTC pair has seen a loss of more than 1.27% in the intraday session

DASH crypto price is currently seeing a weak upside trend and can soon see a strong bull trend in the future. DASH’s price has seen a gain of more than 2% in the past 24 hours and is trading near the value of $198. The asset has an ROI of more than 91000%, and can soon see a new high in the future. The bullish momentum of DASH can see resistance near $250. The support region of the coin can see a bounceback near $150. Dash coin price is trading above the  50 and 100 Daily Moving Average.  The 50MA token line is near the level of $195, making it a temporary support region for the asset price. If the coin price drops down below the 100MA then a bearish trend can be observed. One can forecast a strong upside trend in the asset in the future.

DASH coin CMC ranking along with the market cap is seeing a strong recovery and can soon see attain the previous level. The volume of the coin is currently stagnant and can soon see a surge The asset has to cover more than 70% to reach a new high. The volume to market capitalization ratio of the DASH suggests a strong bullish trend for the price

DASH Crypto Price Technical Indicators Suggests A Strong Bull Trend In Price

Source: Trading view

The weekly technical chart of DASH suggests a strong bullish momentum in the weekly time frame. The price of the asset is up by more than 2% in the weekly chart. On the daily chart, the coin price is looking to give a breakout. If the coin price jumps above the $250 then a strong bullish trend can be seen. DASH/BTC pair can see a new high in the future

Conclusion

DASH coin price is currently seeing a strong upside trend and can soon push to a new high. DASH/BTC pair can also see a new high in the future

TECHNICAL LEVELS

Major Resistance:$250

Major Support:$160

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Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.

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About this article

PublishedNovember 8, 2021 3:52 pm
Last updatedJanuary 16, 2025 1:36 am
Written byRajat Arya
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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