DASH/USD Touches $48.45 High, What Next?

The Dash price prediction reveals that DASH may create a new uptrend as the technical indicator moves to cross into the overbought region.

Dash Price Prediction Statistics Data:

• Dash price now – $48.45
• Dash market cap – $536 Million
• Dash circulating supply – 11 million
• Dash total supply – 11 million
• Dash Coinmarketcap ranking – #69

DASH/USD Market

Key Levels:

Resistance levels: $60, $62, $64

Support levels: $36, $34, $32

DASH/USD is recovering above the resistance level of $48, and it is likely to climb above the potential resistance level of $50 soon. The Dash price is above the 9-day and 21-day moving averages as bulls are dominating the market. Meanwhile, the red line of the 9-day MA is still above the green line of the 21-day MA which confirms that the bulls are here for business.

Dash Price Prediction: Would DASH Price Reach the $50 Level?

According to the daily chart, the Dash price may create a new uptrend as it is likely for the coin to hit the resistance level of $50 if the price crosses above the upper boundary of the channel. Meanwhile, DASH/USD remains in a bullish position, and if the coin stays above the moving averages, it could present more of a chance of bullish movement.

Meanwhile, if the traders could see a tremendous climb above the channel which is fast approaching; it may likely reach the resistance at $60, $62, and $64 levels. On the contrary, dropping below the moving averages may hit the critical support levels of $36, $34, and $32 respectively while the technical indicator Relative Strength Index (14) moves to cross above the 70-level.

Against Bitcoin, the Dash price may continue to follow a bullish sentiment as the coin breaks above the 9-day moving average. The coin is likely to cross above the channel as the bulls gain momentum. Meanwhile, the buyers may continue to release huge pressure on the market if the coin crosses above the channel.

Currently, the technical indicator Relative Strength Index (14) moves to cross above the 70-level, but should the bears manage to find support below the moving averages, a downward movement could bring the price to the support level of 2400 SAT and below. But, a push above the upper boundary of the channel could lead the market price to the resistance level of 3200 SAT and above.

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