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Dash Price Analysis: DASH Trying to Sustain above the Consolidation Phase, Sustain or Get Detained?

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  • Dash price is trying to sustain at the upper price range of the consolidation phase over the daily chart.
  • DASH crypto has recovered above 20 and 50 EMA and still below 100 and 200-days Daily Moving Average.
  • The pair of DASH/BTC is at 0.002336 BTC with an intraday gain of 2.84%.

Dash price is trying to sustain at the verge of the consolidation phase over the daily price chart. The token must maintain the current uptrend momentum to sustain at the current level. DASH bulls are trying to sustain and are pushing their limits to let DASH surge above the consolidation phase over the daily chart. Dash coin finally surpassed the horizontal range-bound area which it entered on 25th June. Dash coin has been consolidating inside the price range of $39.50 and $53.80. 

Right now, Dash’s estimated price is $53.90, and its market cap increased by 2.46 percent the day before. The volume of trades increased by 8.20 percent during intraday trading. This shows that traders are attempting to seize the chance to help DASH overcome the consolidation phase. Volume to market cap ratio is 0.1566.     

DASH’s price is making an ascent toward the consolidation phase’s upper trendline on the daily price chart. Bulls in DASH must assemble to watch the token’s breakout. However, given that volume shows that the rate of accumulation is minimal, bears could halt the bullish momentum of the DASH currency at any time. Bulls in DASH must accumulate at a rapid rate to avoid slipping into any bearish traps.

What do Technical Indicators suggest about DASH?

DASH coin price has been trading with strong uptrend momentum over the daily chart. Technical indicators suggest the uptrend momentum of the DASH coin. Relative Strength Index showcases the uptrend momentum of DASH coin. RSI is at 62 and is approaching the overbought territory. MACD exhibits the bullish momentum of DASH crypto. The MACD line is ahead of the signal line after a positive crossover. 

Conclusion  

Dash price is trying to sustain at the verge of the consolidation phase over the daily price chart. The token must maintain the current uptrend momentum to sustain at the current level. DASH bulls are trying to sustain and are pushing their limits to let DASH surge above the consolidation phase over the daily chart. However, given that volume shows that the rate of accumulation is minimal, bears could halt the bullish momentum of the DASH currency at any time. Technical indicators suggest the uptrend momentum of the DASH coin. The MACD line is ahead of the signal line after a positive crossover. 

ALSO READ – MAKER Token Price Analysis: MKR token has finally broken out of the supply zone, will it sustain above it?

Technical Levels

Support Levels: $50.00 and $47.00

Resistance Levels: $54.75 and $57.80

Disclaimer 

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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.     

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