DASH Rallies 26% in a Bullish Breakout Pattern above $105
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Past Performance
The DASH coin is stable on the last trading day but up an impressive 26 percent against the USDT in the previous trading week. Overall, DASH is within a bullish breakout pattern above the descending wedge and $105. As such, traders might find entries on dips, loading up in anticipation of more gains towards January 2022 highs of $155.
DASH Technical Analysis
From the candlestick arrangement in the daily chart, buyers have the upper hand. Most notably, the coin is within a bullish breakout pattern.
However, when writing, there are a series of lower lows relative to the upper BB pointing to decreasing upside momentum. Still, the token prices are within the March 20 and 23 trade range, a net positive from an effort versus results perspective.
Based on this setup, traders may find buying opportunities between the $105 and $130 zone with targets at $155. A deep correction below the 20-day moving average and $105 cancels the uptrend.
What to Expect
DASH is bullish after dropping by 84 percent from May 2022 peaks. When writing, DASH is up 70 percent from 2022 lows, and buyers double down. There could be more room for upsides once there is a high volume close above $130 with rising trading volumes.