Dash is an open-source protocol that was forked from the Bitcoin protocol. With the Dash blockchain network, users can make instant digital money transfers across borders anytime, anywhere. Dash enables businesses to expand their customer base at affordable costs and zero chargebacks. DASH is the utility token of this network. The following DASH technical analysis will predict the price momentum for the next two days: Past Performance On April 29, 2021, DASH started trading at $288.94. On May 5, 2021, DASH closed at $396.74. Thus, in the past week, the DASH price has surged by roughly 37%. In the last 24 hours, DASH has traded between $381.43-$400.27. https://ift.tt/2R0vMl5 Day-Ahead and Tomorrow Currently, DASH is trading at $395.31. The price has dropped from the day’s opening price of $396.43. Thus, the market seems to be downtick. The MACD and signal lines have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has become positive, and we can expect the price to start rising. Currently, the RSI indicator is at 53%. It faced rejection at 63% and fell to the current level. Thus, selling pressures are high. In conjunction with the MACD oscillator, we can say that the price may dip further before it starts rising. The OBV indicator is steadily declining. Thus, selling volumes seem to be higher than buying volumes. Hence, the OBV indicator is pointing towards a further price drop. DASH Technical Analysis When we look at all three oscillators together, we can say that the price will continue to fall for some time. Thereafter, we can expect a bearish trend reversal. Currently, the price is above the Fibonacci pivot point of $392.81. The price may soon fall below the pivot point and further below the first support level of $385.62. Thereafter, we have to wait and watch to see if the price starts rising or falls further. Currently, the price has tested and fallen below the 23.6% FIB retracement level of $395.83. It may fall further below the 38.2% FIB retracement level of $393.07. By day end, if the price retests and breaks out of these levels, then probably a price uptrend has set in. In that case, the price uptrend may continue tomorrow as well.
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