Dash is an open-source protocol that was forked from the Bitcoin codebase. With the Dash blockchain network, users can make instant cross-border digital money transfers anytime, anywhere. Dash enables businesses to expand their customer base at nominal costs and zero chargebacks. DASH is the in-house token of this ecosystem. Let us look at the technical analysis of DASH.
<h2><b>Past Performance</b></h2>
On Jul 17, 2021, DASH opened at $114.92. On Jul 23, 2021, DASH closed at $142.81. Thus, <a href="https://www.cryptoknowmics.com/news/dash-technical-analysis-price-has-tested-and-fallen-below-the-382-fib-retracement-level-of-15166/">in the past week</a>, the price has increased by roughly 24%. In the last 24 hours, DASH has traded between $135.61-$148.91.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/j/JLqrfn3x.png" alt="https://s3.tradingview.com/snapshots/j/JLqrfn3x.png" width="1359" height="643" />

<a href="https://s3.tradingview.com/snapshots/j/JLqrfn3x.png">https://s3.tradingview.com/snapshots/j/JLqrfn3x.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, DASH is trading at $147.34. The price has increased from the day’s opening price of $142.81. Thus, the market seems bullish.

The <strong>MACD and signal lines</strong> are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to rise further.

Currently, the <strong>RSI indicator</strong> is at 45%. It faced rejection at 54% and fell to the current level. Hence, selling pressures are mounting. High selling activity will exert downward pressure on the price.

But, the <strong>OBV indicator</strong> is upward sloping. Thus, buying volumes are higher than selling volumes. Hence, the price may rise further.

In short, when we look at all three oscillators together, we can say that the overall market momentum is bullish. But, intermittent price pullbacks can occur as a part of the market correction process. The possibility of a trend reversal cannot be ruled out too.
<h2><b>DASH Technical Analysis</b></h2>
Currently, the price is above the <strong>first Fibonacci pivot point</strong> of $142.44. The price may soon surpass the first resistance level of $147.52 as well. Thereafter, we have to wait and watch if the bullish forces remain strong or a trend reversal occurs.

The price has tested and broken out of the <strong>23.6% FIB retracement level</strong> of $145.77. It may soon surpass the <strong>23.6% FIB extension level</strong> of $152.05. As of now, the bulls are strong. Hence, we can expect the price uptrend to sustain tomorrow as well.

DASH Technical Analysis: Price May Rise Above $147.52

DASH tested and broken out of the 23.6% FIB retracement level of $145.77. It may soon surpass the 23.6% FIB extension level of $152.05. As of now, the bulls are strong. Hence, we can expect the price uptrend to sustain tomorrow as well.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

DASH Technical Analysis: Price May Rise Above $147.52

Top Picks