Dash Remains Bullish Over The Short-Term: Price Analysis

Dash Remains bullish over the short-term while the medium-term remains bearish as we are about to see in the latest price analysis dash news price.

The four-hour time frame shows a bullish inverted head and shoulders pattern and the daily time-frame highlights a long-term rising trendline with a possible target around the $113 level. Dash is consolidating in a narrowing trend as the cryptocurrency fails to rally despite the great technical elements across the lower and higher time frames.

The DASH/USD pair has been locked in a price consolidation period since the end of October after it quickly recovered from the $57.00 level. On a monthly basis, the cryptocurrency is almost flat and is trading down around ten percent from the yearly opening price.
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Both the four-hour time frame and the daily time frame show that the DASH/USD pair has major upside potential if the traders start the rally above the $76.50 level.

The four-hour timeframe shows that a breakout above the $76.50 price level could start a bullish inverted head and shoulders pattern that can help the pair soar in value towards the $100 level. According to the size of the pattern, the DASH/USD pair could rough up to 38 percent to its value if the bullish breakout occurred and the 50-day moving average is capping upside gains around the $73 level.

The daily time frame shows the $113 level as the medium-term upside objective if a breakout occurred over the upcoming days. Dash remains bullish in the short-term and the longer-term rising trendline resistance and the pair’s 200-day moving average are both converging around the $113 level which makes the target on the upside most likely if a rally above the $100 occurs. When the green wave shoots through the broader crypto market, it is probable that a rally will be upcoming if the buyers can force the price above the $76 level.

According to the latest sentiment data, the short-term sentiment towards Dash is bullish at 61 percent while the overall long-term sentiment towards the cryptocurrency is seemingly bearish. The four-hour time frame shows that there is a large inverted head and shoulders pattern formed with the $76 level acting as the neckline of the pattern.