Dash Price Analysis: Where Is DASH Heading After Breaking The Descending Triangle Pattern?

By Michael Kennedy On Apr 21, 2021

DASH price trades bullish after breaking out of the triangle pattern and is currently above all major moving averages
The DASH / BTC pair mostly trades common averages of 20.50 and 100-DMA-CMP at 0.004514 BTC with intraday gains of + 6.89%.

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On the monthly chart, DASH price broke out of the triangle pattern and with the supporting volume action. The coin is mostly traded successfully with the major moving averages of 20, 50, 100 and 200 days. This indicates the upward trend of the coin. However, during the daily timeframe, the volume will be felt below the average volume. Lower level support is at $ 187 and $ 150, respectively. Resistance on the higher side is at $ 303 and $ 338. The volume required is not large and a negative retracement is expected in the upcoming trading sessions.

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DASH price over the weekly time frame is trading bullish as it forms a rising wedge pattern. The volume above the daily chart increased and there is some weakness on the higher side. The coin is trading at the price level of USD 263 with an intraday gain of + 6.15%. Volume over the past 24 hours rose nearly 85.52% to $ 1,820,838,072, and total market cap of $ 1,820,838,072 rose almost + 6.91%. For the short term support, the price is around $ 250 and $ 225. Resistance on the higher side is also at $ 278 and $ 300.

Relative Strength Index (BULLISH) indicates bullish momentum in trading at 76.62. However, it is moving towards the overbought zone after recovering from lower levels and a short-term retracement is expected.

Moving Average Convergence Divergence (BULLISH) is currently showing an uptrend on the daily chart as it deals with the importance of the buyer’s signal line (green) versus the seller’s line (red). However, both lines are moving closer together and the crossover may create bearish momentum in the coming trading sessions.

Support levels: $ 187 and $ 150

Resistance Levels: $ 303 and $ 338

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