<strong><em>DASH price shows a consolidation breakout as the buyers resurface to overtake trend control. Will the new uptrend sustain above $60?</em></strong>

Key technical points:
<ul>
 	<li>The DASH market value increased by 3.16% in the last 24 hours.</li>
 	<li>Price action shows a consolidation range breakout.</li>
 	<li>The 24-hour trading volume of Dash is $154 Million, indicating a hike of 14%.</li>
</ul>
<strong>Past Performance of DASH</strong>

DASH prices kept facing dynamic resistance from the 100 DMA resulting in the downfall from $115 to $50 within two weeks accounting for a 50% fall. The bullish support at $50 cushions the downtrend and starts a sideways shift forming a consolidation range with overhead resistance at $60. However, the recent recovery in the overall market helps buyers resurface to crack the $60 barrier.

<img src="https://s3.tradingview.com/snapshots/e/e7pNBjCI.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/e7pNBjCI/" target="_blank" rel="noopener">Tradingview</a>
<h2><strong>DASH Technical Analysis </strong></h2>
Currently, the daily candle shows a higher price rejection and yesterday’s hammer candle warns against an evening star candle formation. If successful, the bearish pattern will put the trend back within consolidation marking a bullish fakeout. The Daily Moving Averages – 20, 100, and 200-days maintain a bearish alignment and showcase a falling trend. However, the trendline breakout rally surpasses the 20 DMA and projects a likelihood of approaching the 50 DMA.

The RSI indicator displays a significant increase in the bullishness of the underlying trend as the slope rises above the 14-day average and reaches the halfway mark. However, the slope faces opposition at the midline resulting in a rounding reversal and teasing a fall to the 14-day average line. Additionally, the MACD indicator displays a rising trend in the histograms after the short resting phase fueling the uptrend in the MACD and signal lines approaching the zero line. Therefore, DASH technical analysis displays the <a href="https://www.cryptoknowmics.com/news/dash-technical-analysis-bullish-pattern-clears-out-bearish-clouds/">DASH</a> prices at a needle’s point, with the potential for either side to burst.
<h2><strong>Upcoming Trend</strong></h2>
If the DASH price undermines the sellers at the $60 resistance level, we might see the price jump to the psychological barrier at $100 if the uptrend surpasses $80. However, a failure to withstand the selling pressure might lead to a reversal to $50.

<strong>Resistance Levels:</strong> $80 and $100

<strong>Support Levels:</strong> $60 and $50

DASH Technical Analysis: Will The Market Value Sustain Above $60?

DASH technical analysis shows a consolidation breakout as the buyers resurface to overtake trend control. Will the new uptrend sustain above $60?

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 The Market Value Sustain Above $60?

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