DASH Technical Analysis: After Crossing $50, DASH Eyes $65

DASH market prices break above the psychological mark of $50 and the 100-day SMA, increasing the possibility of a bull run to the $65 mark. Key Technical Points: The DASH price jumped 18% last week from the 50-day SMA teasing an uptrend to the $65 mark. The long-wick in the daily candle shows the bull cycle struggling to sustain above the 100-day SMA. With a market cap of $620 million, the intraday trading volume of DASH remains the same for the last 24 hours at $108 million. Past Performance of DASH As predicted in our previous analysis, the DASH prices jumped to the $50 mark, where the buyers failed to knock the prices back below the 50-day SMA. However, the trend reversal from the supporting SMA with a morning star pattern puts the buyers back into the driving seat resulting in the $50 breakout. Moreover, the bullish rally breaches the 100-day SMA with a price jump of 18% over the last week. Source – Tradingview DASH Technical Analysis Currently, the DASH price action displays a long-wick formation in the daily candle teasing a potential retest of the $50 breakout. Hence, traders can shortly find another opportunity to buy at discounted rates with a possible 20% jump. As the market price trades above the 100-day average price, the increased bullish influence results in a lateral shift in the 50-day SMA. Moreover, the rising trend in the intraday trading volume supports the bull run, indicating a potential rise to $64. The d...