Lorenzo Stroe
Independent Analyst
- Dash price remains contained inside a symmetrical triangle pattern on the 12-hour chart.
- Several indicators suggest the digital asset is poised for a major move within the next few hours.
Dash price continues trading sideways but seems to be on the verge of a breakout as the range tightens. The digital asset faces one last critical resistance level before a massive 50% breakout which could push Dash towards $160.
Dash price is at a do-or-die scenario
On the 12-hour chart, Dash has established a symmetrical triangle pattern and is currently trading above the 50-SMA and the 100-SMA. The most critical resistance level is the upper trendline of the pattern at $107.
DASH/USD 12-hour chart
A breakout above this crucial resistance level would quickly push Dash price towards a high of $160, which is a 47% breakout. This seems to be the most likely scenario as the TD Sequential indicator has just presented a buy signal on the 4-hour chart. Additionally, the Bollinger Bands have squeezed significantly, which indicates a major move is underway.
DASH/USD 4-hour chart
However, bears can still push Dash towards the lower trendline of the pattern at $98. A breakdown below this point would also push Dash price by 47% down to $50 in the long-term.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Shiba Inu eyes positive returns in April as SHIB price inches towards $0.000015
Shiba Inu's on-chain metrics reveal robust adoption, as addresses with balances surge to 1.4 million. Shiba Inu's returns stand at a solid 14.4% so far in April, poised to snap a three-month bearish trend from earlier this year.
AI tokens TAO, FET, AI16Z surge despite NVIDIA excluding crypto-related projects from its Inception program
AI tokens, including Bittensor and Artificial Superintelligence Alliance, climbed this week, with ai16z still extending gains at the time of writing on Friday. The uptick in prices of AI tokens reflects a broader bullish sentiment across the cryptocurrency market.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week. This week’s rally was supported by strong institutional demand, as US spot ETFs recorded a total inflow of $2.68 billion until Thursday.
XRP price could renew 25% breakout bid on surging institutional and retail adoption
Ripple price consolidates, trading at $2.18 at the time of writing on Friday, following mid-week gains to $2.30. The rejection from this weekly high led to the price of XRP dropping to the previous day’s low at $2.11, followed by a minor reversal.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.