The ongoing short-term uptrend of DASH crypto fails to rise above the 50% Fibonacci level resulting in the fallout below the support trend line. 

The goal for Dash is to "be the most user-friendly, scalable and payments-focused cryptocurrency in all of the world." The project relies on masternodes, which is a network of servers backed with collateral held in Dash. 

They are designed to provide secure services and governance over Dash’s proposal system. Masternodes are able to provide additional services to the network in exchange for a portion of the block rewards. They enable functions like InstantSend, PrivateSend, and ChainLocks.

Let us now take a deep look into the technical analysis of DASH cryptocurrency.
<h2>Past Performance of DASH</h2>
With the increase in buying pressure near the $150 mark, the DASH coin price started to rise higher in an uptrend. Thus, resulting in the formation of a support trend line. However, the 50% level short-term retracement of Fibonacci levels rejects the uptrend. Thus, resulting in the <a href="https://www.cryptoknowmics.com/news/dash-technical-analysis-an-overall-increase-in-the-price-although-currently-facing-resistance-at-195/">downfall</a> below the support trend line. Hence, we can shortly see the coin price reach the $150 mark. 

<img src="https://s3.tradingview.com/snapshots/v/VUbonHsB.png" alt="TradingView Chart" />

Source -<a href="https://www.tradingview.com/x/VUbonHsB/"> Tradingview</a>
<h2>DASH Technical Analysis</h2>
As of writing, the DASH coin price was trading at $181.86, with a price retracement of 11.16% in the past 24 hours. Furthermore, the trading volume stands at $298 million with a rise of 6% compared to yesterday.

As per the Pivot Points, the bearish downfall can find buying pressure at $175 and $150. In an otherwise situation, $200 can act as a resistance level followed by the $225 level.

The MACD indicator in the daily chart indicates a rise in bearish powers. Furthermore, the MACD and the signal lines can shortly give a bearish crossover. Thus, resulting in a sell signal for DASH crypto.

The RSI indicator projects a steep fall in the slope as the price action indicates a bearish downfall. Hence, RSI indicates a sharp sell signal.
<h2>Upcoming Trend</h2>
As per the technical analysis of DASH crypto, the coin price gives a bearish downfall below the short-coming support trend line. Hence, we can shortly see the prices hit the $150 mark.

DASH Technical Analysis: Price Breaks Below Support Trend 

The ongoing short-term uptrend of DASH crypto fails to rise above the 50% Fibonacci level resulting in the fallout below the support trendline. 

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: Price Breaks Below Support Trend

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