The DASH coin price might soon take off to test the resistance trendline and the 50-day EMA. Should you be bullish on the trendline breakout possibility? 

The DASH coin price shows the fallout of a double top pattern resulting in a downfall of more than 20% in the last week. The prices dive below the $100 mark and take support at $88. The bulls showcase a recovery of 7% the previous day, indicating a possible retracement to the resistance trendline. Will this retracement result in a trendline breakout?
<h2>Key technical points:</h2>
<ul>
 	<li>DASH coin price falls below the $100 mark.</li>
 	<li>The MACD and signal lines give a bearish crossover.</li>
 	<li>The 24-hour trading volume in the DASH token is $175 Million, indicating a 30% fall. </li>
</ul>
<h2>Past Performance of DASH</h2>
DASH coin price shows a downfall of 25% within five days as it fails to surpass the resistance confluence of the 50-day EMA and a long-coming descending trendline. The descent brings the double top breakout and creates multiple bearish candles ranging from $115 to $88. The recent recovery from the $88 horizontal level marks a 7% rise and hints of a prolonged retracement. 

<img src="https://s3.tradingview.com/snapshots/q/qI1rHnfi.png" alt="TradingView Chart" />

Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/qI1rHnfi/" target="_blank" rel="noopener">Tradingview</a>
<h2>DASH Technical Analysis </h2>
The bearish trend brings the DASH coin price back to $88 in less than three weeks as the bullish coup failed to push through the resistance trendline. Moreover, the price could not breach the previous consolidation range between $120-$150.

The crucial 50, 100, and 200-day EMAs maintain a bearish alignment with a falling trend in the daily chart. Moreover, the constant rejection from the 50-day EMA has crushed multiple bullish attempts to overthrow the downtrend.

The RSI Indicator projects a bullish divergence in the last two dips at the $88 horizontal level, indicating increased chances of a retracement to the resistance trendline. However, the RSI slope and the 14-day SMA are within the nearly oversold zone. 

Due to the recent double top fallout, the MACD indicator shows a bearish crossover in the MACD and signal lines. However, the lines showcase a bearish divergence in the last two crossovers.  

In a nutshell, the DASH technical analysis reflects a high possibility of a prolonged bullish retracement to the resistance trendline.
<h2>Upcoming Trend</h2>
The DASH coin price may find resistance near the psychological mark of $100 and the 50-day EMA at $115. However, in a bullish breakout, the uptrend can face opposition near $132. 

The $88 and $80 can help halt the downtrend on the lower side. Therefore, traders can find bullish entry opportunities with stop loss below $88.

Support Levels: $88 and $80

Resistance Levels: $100 and $11

DASH Technical Analysis: Retracement Teases A Prolonged Uptrend

The DASH coin price might soon take off to test the resistance trendline and the 50-day EMA. Should you be bullish on the trendline breakout possibility? 

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 Teases A Prolonged Uptrend

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