DASH coin price continues the breakout rally after overpowering the sellers at $100 and hints at the 200-day EMA breakout. Will the buyers sustain the uptrend?

Key technical points:
<ul>
 	<li style="font-weight: 400">DASH coin price upholds the $125 mark.</li>
 	<li style="font-weight: 400">In addition, the RSI slope approaches the overbought zone.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Dash is $605 Million, marking a 7% fall. </li>
</ul>
<h2>Past Performance of DASH</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/dash-technical-analysis-retracement-teases-a-prolonged-uptrend">previous article</a>, the DASH coin price continues the trendline breakout rally after the consolidation and the 50-day EMA breakout. The rally surpasses the psychological barrier of $100 and the 100-day EMA. The recent surge of 40% in last week comes with a jump in buying pressure evident by the 12% high bullish engulfing candle and the follow-through candles. 

 <img src="https://s3.tradingview.com/snapshots/n/nXcaZ1ex.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/nXcaZ1ex/">Tradingview</a>
<h2>DASH Technical Analysis </h2>
DASH coin price shows an uptrend continuation, with the follow-through candle rising 5.80% at press time. Moreover, the last two daily candles show lower price rejection evident by the tail formations.

The crucial EMAs (50, 100, and 200) maintain a bearish alignment, but the rally breaks above the 50 and 100-day EMA and heads higher to the 200-day EMA. Furthermore, the breakout of the 200-day EMA will result in a trend reversal.

RSI Indicator: The RSI slope rises from the 14-day SMA below the halfway mark to the overbought boundary at 70%. The surge reflects a jump in buying pressure and increases the chances of a rally reaching the $150 mark.

MACD Indicator: The MACD and signal lines continue the uptrend with a constant bullish spread as the MACD histograms gain positive momentum.

In a nutshell, the DASH technical analysis paints a bullish forecast with the possibility of the 200-day EMA breakout.
<h2>Upcoming Trend </h2>
DASH coin price shows the buyers are strengthening their grip over trend control as the rally breaks above the 100-day EMA and races to the 200-day EMA. Moreover, the rising buying pressure helps attract new buyers, which fuels the uptrend. 

Support Levels: $125 and $115

Resistance Levels: $150 and $165

DASH Technical Analysis: Uptrend Eyes the Next Psychological Mark 

DASH coin price continues the breakout rally after overpowering the sellers at $100 and hints at the 200-day EMA breakout. Will buyers sustain the uptrend?

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: Uptrend Eyes the Next Psychological Mark

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