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Dash Price Analysis: Finally, DASH is going to break the pleasant bearish chart pattern



  • The DASH coin  has been trading inside the falling wedge pattern for the past several days.
  • In terms of the daily price chart, the RSI indicator is moving upwards after reversing from the oversold territory.
  • The DASH coin concerning the Bitcoin Pair is slightly down by 1.3% at 0.002318 Satoshis.

For several weeks, the DASH coin price has been lagging below the downtrend line. The bulls appear to have effectively captured the bullish trend in March, but panic sellers sank again and hurled the currency approaching the critical resistance level of $140.

Source: DASH/USDT by tradingview 

After retreating from its 90-day high, DASH coin’s daily price action is establishing a downward parallel channel. However, the range is rapidly shrinking, and if buyers can price over the critical round level of $100 (most recent resistance), DASH crypto might produce a big move at any time, most likely to the upside.

At the time of writing, DASH was trading higher in the intraday trading session at $90.3. According to CMC, the market cap was again seen below $1.0 billion in the last 24 hours, up a little over 0.3%. Furthermore, the DASH coin belonging to the bitcoin pair is down 1.3% at 0.002318 satoshis.

The $80 mark appears to be a great support level for DASH investors, however, volatility is slowly waning and traders have noted $140 million trading volume last night with no change in prices.

Buyers must wait for the opportunity

Source: DASH/USDT by tradingview 

For Dash holders, the 200 EMA (White) behaved as a solid bullish hurdle. In the meanwhile, a coin is trading below the 20, 50, 100, and 200 EMAs on the daily price chart.

Conversely, the daily RSI indicator is trending upwards after retreating from the oversold area, but still, it is showing a sideways trend for DASH Crypto.

Similarly, the ADX indicator is trending higher, indicating the ability of the bulls to overcome selling pressure.


By the end of this week, DASH coin is about to give a breakout of the descending wedge pattern. And buyers are eyeing the psychological round level of $100.

Support level- $80 and $60

Resistance level- $100 and $120


The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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