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- 1 DASH price prediction is bullish for the next few months and suggests a rise.
- 2 DASH crypto price is trying to climb above the 50-day EMA.
- 3 Dash cryptocurrency prices succeeded in defending the $24.00 support.
DASH price prediction is bullish for October 2023 and suggests a significant rise in its value is possible.
DASH crypto price consolidated for quite a long time in a narrow range and formed a strong base. Buyers succeeded in defending the $24.00 level and slowly the price is recovering.
Dash price is approaching the 50-day EMA to reverse the trend and regain the confidence of investors. However, $28.00 is acting as an immediate hurdle for bulls and the confirmation of the reversal is awaited.
The positional trend of DASH crypto is in a downtrend and the 200-day EMA is far away from the current price. So, buyers may try to give the pullback to grab the investors’ attention.
Dash price is near the multi-year low and buyers are trying their best to rebound. The trading volume and price behavior both are quite stable indicating the speculators are less active.
So, if any pullback rally comes, then the possibility of sustaining the higher levels remains high.
DASH price is trading at $26.95 with an intraday rise of 0.19%. The 24-hour volume to market cap is 9.71%.
DASH Price Might Show Range Expansion in October
DASH price prediction favors the bulls and suggests DASH crypto might show an upward range expansion.
Meanwhile, if the overall crypto market recovers, then it might improve the market sentiment. Moreover, it may fuel the rally in DASH as well as in other altcoins.
Till the DASH price sustains above $24.00, the possibility of a bounce back and range expansion remains high. The crypto will gain momentum if buyers succeed in breaking the $34.00 hurdle.
The analysis suggests DASH price is inside the demand zone and buyers are preparing for the breakout.
DASH Crypto Price Bearish on Weekly Time Frame
DASH crypto price is bearish on a weekly time frame but mildly bullish on a daily timeframe. It shows divergence but the price is likely to recover and display a bullish reversal pattern on the weekly chart.
The MACD curve is sloping upward and the histogram bar is also on the rise. It shows the strength and confidence of buyers. The RSI at 49 denotes neutral territory and a balance between bullish and bearish positions.
Conclusion
DASH price prediction is bullish for the current month as well as for the next month. It has consolidated for quite a long time and formed a base so the downside risk is low.
The analysis suggests that if the DASH crypto price breaks off the $33 hurdle, then it might begin the journey to reach $50.
Technical Levels
- Resistance Levels: $33.38 and $39.49
- Support Levels: $22.65 and $20.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
