Dash price like most of the cryptos had a gigantic start for the 2021 trade which was slashed soon during May. Since then the asset attempted to go parabolic a couple of times, yet failed but consolidated strongly above $180. However, with the beginning of December trade, the price slashed heavily that compelled the price to hover below $150.
Now when the DASH price is attempting to pull a leg up, will it regain its position above $200 this week? Let’s check it out!
Dash(DASH)/USDT Technical Analysis at a Glance
Dash price’s yet another attempt to surpass $150 levels appear to have gone in vain and the current consolidation is weakening the strength of the rally. Despite a notable buying volume yet the asset is struggling to prevent further shedding of its value. And hence the DASH price is speculated to continue to hover within a very narrow margin for the next couple of hours.
|Short-Term||The price is attempting to surge by building bullish momentum yet the volume could hinder the uptrend.|
|Mid-Term||Selling pressure is about to get diluted soon and the price may get a wider boost to propel towards the north very soon|
|Long-Term||Despite a reduced trading volume, the buying pressure appears to have mounted. As the volume is below the required levels, a healthy consolidation may continue ahead|
Dash(DASH) Technical Indicators & Pivot Points
|Technical Indicators||Value(1Hr / 1D)||Action (1Hr / 1D)|
|Relative Strength Index(RSI)||51.4 / 51.07||Neutral / Neutral|
|Ultimate Oscillator||46.4 / 61.6||Sell / Buy|
|Bull-Bear Power||1.24 / 2.5||Buy / Buy|
|MACD(12, 26)||-0.6 / -0.69||Sell / Sell|
|Moving Average(MA) 50||$144.2||$147.1|
|Moving Average(MA) 200||$138.1||$174.4|
Dash price is somewhat bullish in the short term, as most of the indicators are either neutral or point out towards a simple ‘buy’. RSI is neutral in both the short term and long term and hence signifying neither the strength in the rally nor the weakness. Ultimate oscillator which generates trade signals considering 3 different moving averages point towards a sell in the short term while being bullish in the long term. On the other hand, MACD showcases the possibilities of mounting selling pressure in both time frames.
Coming to the pivotal points, the current price is hovering in between the 50-day and 200-day MA in the short term. The possibilities of clearing the 50-day MA appear to be pretty high which could ignite a substantial uptrend further. However, the resistance resides at a little distance and hence the asset needs to do some extra effort in reaching these levels. The bull run may resume once the DASH price slices through the crucial resistance above $210.
Dash(DASH)/USDT Technical Analysis for the Week
The DASH price since the extreme sell-off in the first week of December managed to overcome the losses to some extent. With a notable uptrend, the asset surpassed the 200-day MA levels in the short term and found strong support over these levels currently. However, the trading volume is currently very low and hence a drastic jump cannot be expected.
Source: Tradingview Date: 13-01-2022 Time: 12:35pm
- The DASH price from the past couple of months is trending within a descending triangle and has yet to reach the apex. Therefore the consolidating trend could continue for some more time
- A flip is witnessed each time the asset hits the lower support levels and hence manifesting a notable bullish trend. However, the price needs to surge another 22% to hit the 200-day MA to certify with an uptrend
- Dash crypto received a notable amount of buying volume in the past couple of days and hence currently appear to have exhausted at the moment. Yet the sellers also are a little distinct and hence the price may not visit the danger zone below.
- However, a huge influx of volume is much required for the asset to keep up the bullish momentum so that the price hits $200 levels at the earliest.
Dash(DASH)/USDT Technical Analysis for Today: 13 January 2022
The DASH price ever since recovered from the losses and experienced another couple of pullbacks yet stood strong above the crucial support levels around $138. Currently, a small chuck of buyers have jumped in and hence the asset appears to be a little strong and poised to surge towards the north. However, the price has to close the present-day trade above $150 to keep up the bullish momentum alive.
At the press time, the DASH price is around $141.84 with a minute jump of 0.52% compared to the previous day’s close. The trading volume remained squeezed by 1.06% recording more than $247 million, while the market cap is up by 1.80% with a value of more than $1.5 billion.
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