DASH Technical Analysis: Will Reversal Rally Push Prices Above $50?

DASH price showcases a double bottom pattern forming within a consolidation range with an intent to give a bullish breakout. Key technical points: DASH prices have jumped by 1.18% in the last 24 hours. The price action shows a double bottom reversal attempt in the daily chart. The 24-hour trading volume of DASH is $92 Million, indicating a rise of 30%. Past Performance of DASH The mid-June recovery rally surged the DASH/USDT Pair resulting in a hit to the $53 mark. However, subsequent downfall nullified these gains as they plunged back to the bottom support of $40. This support level managed to stall any further decline indicating the traders are actively accumulating this support. As a result, the altcoin rebound from this support and appreciated sharply in the last five days. Source- Tradingview DASH Technical Analysis The DASH price technical chart represents the above consolidation as a double bottom pattern. This bullish reversal pattern should accelerate the buying momentum and assist buyers to carry a genuine recovery rally. The coin price currently trades at $45.77, nearing the pattern’s neckline resistance of $53. The MACD indicator showcases a slow yet steady rally towards the neutral zone, indicating a gradual rise in underlying bullishness. The potential crossover may offer an extra edge in buyers’ favor. The RSI indicator shows a stepper rally in comparison to price action, suggesting aggressive buying from trader...