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Dash Price Prediction: Will DASH Sustain at The Neckline?

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Dash Price Prediction: Will DASH Sustain at The Neckline?
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Dash price prediction indicates DASH crypto is trying to sustain at the neckline of the consolidation phase over the daily chart. DASH cryptocurrency needs to continue the uptrend momentum in order to sustain above the horizontal range-bound area. However, sellers may approach the trade to short the market for DASH cryptocurrency during the intraday trading session. 

Dash price was at $37.61 and has lost 0.37% of its market capitalization during the day’s trading session. Trading volume has decreased by 3.81% during the intraday trading session. This demonstrates sellers are trying to accumulate to pull DASH crypto. Volume to market cap ratio was at 0.1564.

Will the DASH Price Decline More?

Dash Price Prediction: Will DASH Sustain at The Neckline?
Source: DASH/USD by TradingView

Dash price prediction highlights the cryptocurrency is facing rejection at the neckline of the consolidation phase. However, DASH crypto needs to attract buyers to sustain the breakout at the current level. Meanwhile, DASH crypto has recovered above 20 and 50-EMA and is trying to reach the 100 and 200-days Daily Moving Average.

Dash price has gained around 5.03% in a week whereas it lost 11.18% in a month. These uncertainties in the trade led DASH crypto to the lower levels over the charts. 

Technical indicators suggest the downtrend momentum of DASH cryptocurrency. Relative strength index showcases the downside trend of DASH price. RSI was at 55 and is heading towards the neutral line to be oversold. 

MACD exhibits the struggle of DASH crypto to sustain at the neckline of the consolidation phase. The MACD line is moving towards the signal line for a negative crossover. Investors in DASH crypto need to wait for any directional change over the daily time frame chart.

Summary   

Dash price prediction indicates DASH crypto is trying to sustain at the neckline of the consolidation phase over daily chart. However, DASH crypto needs to attract buyers to sustain the breakout at the current level. Technical indicators suggest the downtrend momentum of DASH cryptocurrency. Investors in DASH crypto need to wait for any directional change over the daily time frame chart.

Technical Levels

Support Levels: $36.85 and $34.00

Resistance Levels: $38.50 and $40.00

Disclaimer

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

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