Dash Price Prediction: Will the Bullish Momentum Continue?

• The Dash price prediction begins a decent recovery wave above $43 as the coin approaches a major hurdle near $45.
• Looking at the daily chart, the Dash price is ready to break into the upside as the 9-day MA could move to cross above the 21-day MA.
• If the bulls maintain the upward trend, DASH/USD may continue with the bullish movement which could take the coin to the resistance levels of $55, $60, and $65.

The Dash price prediction is currently showing a decent recovery wave above $43 as the coin approaches a major hurdle near $45. According to the technical analysis, the Dash price is ready to break into the upside as the 9-day MA could move to cross above the 21-day MA.

The Relative Strength Index (14) is crossing above the 50-level with the signal line pointing to the east, suggesting sideways movement. This indicates that the bulls may need to gather enough energy to push the coin toward the upper boundary of the channel.

If the bulls manage to maintain the upward trend, DASH/USD may continue with the bullish movement which could take the coin to the resistance levels of $55, $60, and $65. On the other hand, any strong selling pressure within the market could drag the price to the downside, and should BTC take a bearish turn, it could affect the performance of DASH/USD.

The Dash price is currently trading at $43.88 with a market cap of $485.1 million and a circulating supply of 11 million coins. In addition, the total supply of Dash coins stands at 11 billion and its Coinmarketcap ranking is #67.

Investors should keep an eye on the key support and resistance levels of $35, $30, and $25, as any break below these levels could signal a bearish trend. Similarly, if the price breaks above the resistance levels of $55, $60, and $65, it could signal a bullish trend. It is important to exercise caution while trading and always use stop-loss orders to protect your investment.

Dieser Beitrag wurde am 2. Januar 2023 veröffentlicht, in Allgemein. Setze ein Lesezeichen mit dem Permanentlink.