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Cryptoknowmics 2022-04-29 04:40:14

DASH Technical Analysis: Will DASH Buyers Reclaim The $100 Mark ?

DASH coin price continues to fall within the bearish wedge and breaks below the psychological mark of $100. Will the downtrend continue to reach $90? Key technical points: DASH price cracks under $100. The EMAs maintain a bearish alignment. The 24-hour trading volume of DASH is $176 Million, reflecting a rise of 11%. Past Performance of DASH From March end to early April, the DASH price witnessed a minor consolidation stretching from $136 to the $122 mark. However, the bearish RSI divergence reflected the losing bullish momentum which at last gave a fallout from the bottom support($122). The post retest rally tumbled the altcoin by 21.6%, bringing it to $92.3. Source-Tradingview DASH Technical Analysis The DASH coin price gradually lowered within a falling wedge pattern. The falling price has breached the $100 psychological support level, suggesting the sellers are preparing for another leg down. However, the falling wedge pattern is known for a bullish reversal set-up, which could initiate a new recovery rally. The flattish trend of the crucial 4-hour EMA provides opposition to the bull run while maintaining a bearish alignment. However, the breakout of the averages will signal a buying spot. MACD Indicator: The MACD and signal lines maintain a bearish trend below the zero line. However, the reversal in the fast line indicates a high possibility of a bullish crossover to reclaim the positive alignment. RSI Indicator: The RSI ...

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