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Technical Analysis for DSHUSD for 14th September 2022

DASH Pinned to an $8 Range as Bears Flow Back in Trend Continuation

Past Performance of DASH

Like other crypto assets, DASH failed to stand tall against a wave of sellers. As of writing, the coin is down five percent and bending back to follow strong bears. The dominant trend remains bearish in the short term, and this forecast will stand provided prices are below $50.

DASH Technical Analysis

DASH is in accumulation in a bear flag when analyzed from a top-down preview. The immediate resistance is at $50, while the coin's support is at $42, marked by last week's lows. If bears press on and DASH cracks below $42, aggressive traders can unload on every attempt higher, targeting June 2022 lows of $38 and later $30 in a bear continuation formation. Already, the drop of the past two days is within increasing volumes hinting at bears. This move will confirm losses of Q2, signaling another wave of lower lows that could push DASH to the brink.

What to Expect from DASH

DASH is on a weak footing, and buyers should keep prices above $42 if the uptrend is to be sustained. A close above $50 and last week's highs will draw strength and attract buyers as the coin recovers.

Resistance level to watch: $50

Support level to watch: $42

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

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