Technical Analysis for DSHUSD for 23rd March 2022
DASH Rallies 65% from 2022 Lows as Bulls Aim for $155
Past Performance of DASH
DASH has been one of the top-performing assets in the last 24 hours. DASH is changing hands at a one-month high at spot rates, surging 35 percent week-to-date. Specifically, DASH is trading within a bullish breakout pattern propelled by rising trading volumes. This week's rally has pushed the coin above February 2022 highs—and previous support—at $120.
DASH Technical Analysis
DASH bulls are in control at spot rates, trading above February 2022 highs at $120 at the back of rising trading volumes pointing to interest. Presently, DASH bull bars are banding along the upper BB, pointing to solid buying momentum. As such, buyers can load on dips above $120, targeting January 2022 highs at around $155. The rally would be in confirmation of buyers of early March, a continuation of DASH bottoming up after sinking to as low as $76 in late February 2022.
What to Expect of DASH
In a bullish continuation pattern, DASH buyers are upbeat and have cleared $120, rising 35 percent on the last trading week. At the current pace, DASH could expand back to $155 and print new 2022 highs.
Resistance level to watch: $155
Support level to watch: $120
Disclaimer: Opinions expressed are not investment advice. Do your research.
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