<strong><em>DASH price showcases a  double bottom pattern forming within a consolidation range with an intent to give a bullish breakout.</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>DASH prices have jumped by 1.18% in the last 24 hours.</li>
 	<li>The price action shows a double bottom reversal attempt in the daily chart.</li>
 	<li>The 24-hour trading volume of DASH is $92 Million, indicating a rise of 30%.</li>
</ul>
<h2>Past Performance of DASH</h2>
The mid-June recovery rally surged the DASH/USDT Pair resulting in a hit to the $53 mark. However, subsequent downfall nullified these gains as they plunged back to the bottom support of $40. This support level managed to stall any further decline indicating the traders are actively accumulating this support. As a result,  the altcoin rebound from this support and appreciated sharply in the last five days.
<p style="font-weight: 400"><span style="font-weight: 400"><img class="aligncenter size-full wp-image-242400" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/YqvbmR1G.png" alt="" width="2047" height="966" />
</span></p>
<strong>Source-</strong> <a href="https://www.tradingview.com/x/9r86DkJC/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">DASH Technical Analysis </span></h2>
The <a href="https://www.cryptoknowmics.com/news/dash-price-prediction-2022-2026-will-the-price-of-dash-hit-160-by-the-end-of-2022/">DASH</a> price technical chart represents the above consolidation as a double bottom pattern. This bullish reversal pattern should accelerate the buying momentum and assist buyers to carry a genuine recovery rally. The coin price currently trades at $45.77, nearing the pattern's neckline resistance of $53. The MACD indicator showcases a slow yet steady rally towards the neutral zone, indicating a gradual rise in underlying bullishness. The potential crossover may offer an extra edge in buyers' favor.

The RSI indicator shows a stepper rally in comparison to price action, suggesting aggressive buying from traders. Moreover, the indicator slope may soon jump above the midline, reflecting a positive switch in traders' sentiment. In short, the DASH technical analysis highlights the increased possibility of a bullish breakout to surpass the psychological mark of $50.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
If the DASH prices breach the overhead resistance, the buyer may push the recovery higher to the $53 mark, followed by $60. On a contrary note, a possible reversal from this resistance, would undermine the bullish pattern and resume a range-bound rally. If the theory turns true, the coin price may retest the $38 support.

<strong>Resistance Levels:</strong>  $53 and $60

<strong>Support Levels:</strong>$45 and $40

DASH Technical Analysis: Will Reversal Rally Push Prices Above $50?

DASH Technical Analysis showcases a double bottom pattern forming within a consolidation range with an intent to give a bullish breakout.

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: Will Reversal Rally Push Prices Above $50?

Top Picks