DASH Token Price Analysis: DASH Token Broke out of the Supply Zone, Will it Continue the Bullish Trend?

• DASH token price is in a strong uptrend on the daily time frame, and currently, it is trading at $87.80.
• The token is a forming falling wedge bullish chart pattern on a daily time frame.
• The pair of DASH/BTC is trading at 0.00022 with an decrease of -2.65% in the market cap of the digital asset over the past 24 hours.

DASH token price is in an uptrend daily and it has also broken out of the long-term supply zone. DASH token price is trading above the Supply zone of $81.45 on a daily time frame. The token forms higher low and higher high formation on a daily time frame. At present, the token is resting at a long-term demand zone on the weekly time frame, and thus it can bounce off the demand zone if the bulls support, and as a result the token can be seen moving upside. But if the token breaks the demand zone, it can fall rapidly.

Currently, the token is trading below all the crucial Exponential Moving Average (20, 50, 100) and could face rejection moving upwards. DASH token price has been trading in a small range from past trading weeks, and thus breakout on either side will trigger the big move. The token is currently trading at the upper band of the Bollinger band indicator. The Bollinger band’s range has become narrow, indicating an impulsive move in the upcoming trading days. Volumes have decreased, and thus momentum on any side will continue for a long time due to less volatility.