DASH Technical Analysis: Eager To Escape Bulls Tease A 30% Jump

With the bullish revolt, will the DASH coin price finally crush the long-coming resistance trendline to give a price jump of 30% to reach the 200-day EMA? The DASH coin price shows a growth of 16% after finding demand near the $100 mark. The uptrend faces intense selling pressure near the 50-day EMA and the long-coming resistance trendline. Will the raging bulls crush the resistance confluence area? Key technical points: The coin price sustains above the $100 mark. The trend faces resistance from the 50-day EMA. The 24-hour trading volume in the DASH token is $248 Million, indicating a 75% rise. Past Performance of DASH The ongoing bullish reversal comes as a retracement within the long-coming downtrend. The downtrend continues under the influence of a strong trendline barrier that has kept the bullish growth in check. Currently, the DASH coin price trades at $116.87 with a price jump of 9.55% in the last 24 hours as the uptrend continues after retesting the $100 mark. Hence, the increased trend momentum highlights the possibility of a trendline breakout. Source-Tradingview DASH Technical Analysis The DASH coin price faces solid resistance near the confluence of the resistance trendline and the 50-day EMA. Therefore, the possibility of a reversal to the $100 is considerable. Hence, traders need to wait for the price action confirmation before siding with a party. The RSI Indicator shows a bullish growth in the buying pressure ...