DASH/USD Touches $49.96 High, What Next?

Join Our Telegram channel to stay up to date on breaking news coverage

The Dash price prediction reveals that DASH may create a new uptrend as the technical indicator moves to cross into the overbought region.

Dash Price Prediction Statistics Data:

Dash price now – $48.45
Dash market cap – $536 Million
Dash circulating supply – 11 million
Dash total supply – 11 million
Dash Coinmarketcap ranking – #69

DASH/USD Market

Key Levels:

Resistance levels: $60, $62, $64

Support levels: $36, $34, $32

DASHUSD – Daily Chart

DASH/USD is recovering above the resistance level of $48, and it is likely to climb above the potential resistance level of $50 soon. The Dash price is above the 9-day and 21-day moving averages as bulls are dominating the market. Meanwhile, the red line of the 9-day MA is still above the green line of the 21-day MA which confirms that the bulls are here for business.

Dash Price Prediction: Would DASH Price Reach the $50 Level?

According to the daily chart, the Dash price may create a new uptrend as it is likely for the coin to hit the resistance level of $50 if the price crosses above the upper boundary of the channel. Meanwhile, DASH/USD remains in a bullish position, and if the coin stays above the moving averages, it could present more of a chance of bullish movement.

Meanwhile, if the traders could see a tremendous climb above the channel which is fast approaching; it may likely reach the resistance at $60, $62, and $64 levels. On the contrary, dropping below the moving averages may hit the critical support levels of $36, $34, and $32 respectively while the technical indicator Relative Strength Index (14) moves to cross above the 70-level.

Against Bitcoin, the Dash price may continue to follow a bullish sentiment as the coin breaks above the 9-day moving average. The coin is likely to cross above the channel as the bulls gain momentum. Meanwhile, the buyers may continue to release huge pressure on the market if the coin crosses above the channel.

Currently, the technical indicator Relative Strength Index (14) moves to cross above the 70-level, but should the bears manage to find support below the moving averages, a downward movement could bring the price to the support level of 2400 SAT and below. But, a push above the upper boundary of the channel could lead the market price to the resistance level of 3200 SAT and above.

However, Dash 2 Trade aims to guide all trades to speculate more proficiently. This is because effective risk control parameters are necessary for building robust strategies for initiating winning trades. There is a D2T presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $9.5 million.

Dash 2 Trade – High Potential Presale