DASH Technical Analysis - Upswing to Continue with Few Pullbacks
Past Trends
On April 10, 2021, DASH started trading at $265.35. As of April 16, 2021, DASH closed at $378.47. Thus, in the past week, the DASH price has surged by roughly 43%. In the last 24 hours, DASH has traded between $369.26-$390.
Day-Ahead and Tomorrow
Currently, DASH is trading at $380.74. Today morning, DASH started trading at $378.31. Thus, there is a slight increase in the DASH price. The market seems healthy.
The MACD and signal lines have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has turned positive. Hence, we can expect the price to rise further.
In the last 24 hours, the OBV indicator has tapered downwards. Thus, selling volumes are much higher than buying volumes. High selling activity is likely to exert downward pressure on the DASH price. This shows a bit of downturn direction, thus we should watch out for it.
Currently, the RSI indicator is at 65%. It faced rejection at 62% and rallied to the current level. Thus, buying pressures are high. Hence, we can expect the price to rise further.
DASH Technical Analysis
As per technical analysis, presently, the DASH price is above the Fibonacci pivot point of $379.24. As some of the oscillators have shown bullish signals, we can expect the price to surpass the first resistance level of $387.17 soon.
The price has tested and broken out of the 38.2% FIB retracement level of $382.08. The price is soon likely to break out of the 23.6% FIB retracement level of $385.10. As of now, the market seems positive and we can expect the price upswing to continue tomorrow as well with intermittent price pullbacks.