- Dash token price resonates within a price range within $115-$150.
- The recent bearish crossover of the 100 and 200-day EMAs increases the underlying bearishness.
- The token pair DASH/BTC trades at 0.004105 BTC with an intraday fall of -5.68%.
DASH Token price faced an overwhelming attack of bears that led to more than 70% downfall. Finally, the $450 mark rejection brought the token prices back to the $115 level.
The downfall resulted in the breakout of many key support levels and EMAs. As a result, the token price is trading below the 50-day EMA with weak support of a 20-day EMA.
The sloping EMAs have led to the death cross in the technical chart, shortly following a bearish crossover of the 100 and 200-day EMA. The opposition from the EMAs crushes many bullish attempts by DASH token prices.
Presently, the DASH coin is trading at $141.56, with a fall of -3.86% in the market cap. In addition, the trading volume of the coin has fallen -8.80% in the past 24 hours.
DASH Token Price Close To Breakout Once Again
As per the 4-hour technical chart, DASH token price seems to move higher, forming an ascending triangle with the critical resistance level at the $150 mark. The recent push in bullish pressure projects a small hope of breakout despite the strong opposition at $150.
A fallout of the triangle might drive the prices back to the $115 support level. However, a breakout above the $115 mark may start a bullish rally.
As per the price analysis, the token prices may find support near $115 or $100 if the bullish trend fails. However, a successful bullish may find resistance near the $200 and $225 mark.
The RSI indicator (Bullish) implies a gain in bullish momentum as the RSI line spikes to create higher highs and heads deeper into the overbought zone.
The ADX indicator projects a recent rise in trend momentum after a long-stagnant period.
The MACD indicator generates a sell signal as the MACD line moves below the signal line post-bearish crossover.
Conclusion – DASH token price stands at a crucial point that may shortly decide the price trend. Therefore, investors hoping for a bull rally in DASH Token must wait till a breakout occurs and try to enter at the retest.
Support– $115 and $100
Resistance -$200 and $225
