This website uses cookies to ensure you get the best experience on our website

Technical Analysis for DSHUSD for 7th February 2023

DASH Remains Bullish, Support at August 2022 High at $58



Past Performance of DASH

DASH prices have more than doubled at spot rates. Changing hands at over $60, the coin is within a bullish breakout formation. The rejection of lower prices as bulls force prices higher above last week's highs point to demand and confidence on buyers' part. The uptrend is firm as long as DASH is trading above August 2022 highs.


DASH Technical Analysis

Traders are confident. After yesterday's surge, and rewinding losses of the weekend, the uptrend formation has been confirmed. Subsequently, traders may find entries on every dip inside the February 6 trade range but above $58 to buy the dip. Based on this candlestick arrangement, the next target will be around $75 or May 11 high. Conversely, losses below August highs may force a sell-off toward $50.


What to Expect from DASH

DASH has been firm in the past three months, bottoming up from 2022 lows. In a bullish breakout formation, traders expect even more gains ahead. Nonetheless, this preview holds water only if $58 holds and DASH rejects any attempt of lower lows.


Resistance level to watch: $75

Support level to watch: $58


Disclaimer: Opinions expressed are not investment advice. Do your research.

For more interesting tips and facts visit our Education Centre.


Have Questions? 

We're available 24/7 to help you. You can email us, or send us a message on WhatsApp, Telegram or Messenger!

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020