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

  • 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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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.