<strong><em>DASH price action shows a bear cycle within the consolidation range that may shortly project a fallout entry spot as the trend momentum increases. </em></strong>

Key technical points:
<ul>
 	<li>The DASH market value decreased by 7.28% today at press time.</li>
 	<li>The price action shows a high likelihood of a retracement to $50.</li>
 	<li>The 24-hour trading volume of DASH is $65.62 Million, indicating a fall of 2%.</li>
</ul>
<h2><strong>Past Performance of DASH</strong></h2>
<a href="https://www.cryptoknowmics.com/news/dash-technical-analysis-will-the-market-value-sustain-above-60/">DASH</a> prices generated a long-coming highly bearish resistance trendline due to the falling trend started after the failure to surpass the 200-day EMA close to $135. The falling trend takes support at the $53 mark to form a consolidation range with overhead resistance at $63. Furthermore, the growing bullish influence starts a breakout attempt which fails due to the high supply resistance trendline and the $63 horizontal level.

<img src="https://s3.tradingview.com/snapshots/y/YoOD7R8Y.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/YoOD7R8Y/" target="_blank" rel="noopener">Tradingview</a>
<h2>DASH Technical Analysis</h2>
DASH prices showcase a retracement rally heading to the bottom support level at $53 while the daily candles display higher price rejection. Hence, traders can expect a breakdown of the support level resulting in a downtrend below the psychological support level of $50. The falling EMAs maintain a bearish alignment representing a solid correction phase in motion. Moreover, the 50-day EMA (red) provides resistance to the bullish recovery.

The MACD and signal lines show an uptrend, but the fall in buying pressure can be seen in the declining direction of the bullish trend in histograms. Therefore, the bearish crossover possibility increases which will signal a selling spot. Furthermore, the RSI indicator displays a fall in the sideway trend below the halfway line, and the 14-day SMA projects a dip in the underlying bullishness. In a nutshell, the DASH technical analysis forecasts a downslide in market value to the $50 mark.
<h2>Upcoming Trend</h2>
DASH sellers can observe a selling spot with the breakdown of $50 which will unleash the trapped momentum within the consolidation range. Hence, the downfall can result in a dip to the $40 or $35 support level.

<strong>Resistance Levels:</strong> $2 and $2.30

<strong>Support Levels:</strong> $1.75 and $1.50

&nbsp;

DASH Technical Analysis: Retracement Warns The Fallout of $50

DASH technical analysis shows a bear cycle within the consolidation range that may shortly project a fallout entry spot as the trend momentum increases. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DASH Technical Analysis: Retracement Warns The Fallout of $50

Top Picks