Sunday, December 4, 2022

DASH Bears Tire as Bull’s Jack Up Prices by 20.11% on Last Day By CoinEdition


DASH Bears Tire as Bull’s Jack Up Prices by 20.11% on Last Day
  • (DASH) has increased by 20.11% in the last 24 hours.
  • DASH prices are expected to rise further, according to technical indicators.
  • The bears are tiring as the bulls manage to raise DASH prices.

Dash (DASH) has elevated by 20.11% in the last 24 hours, attaining $41.86. On the upside, DASH found support at $34.35 and encountered resistance at its intraday high of $43.57.

The market capitalization of DASH has increased by 21.94% to $462,926,146, and its 24-hour trading volume has increased by 121.14% to $119,984,305, both of which point to the continuation of this bullish trend.

24-hour price chart (source: CoinMarketCap)

Bullish momentum is forecast to continue in the DASH market, with the Keltner Channel bands progressing upward, with the upper band touching 40.99 and the lower band touching 35.83. Moreover, market price fluctuations above the Keltner bands reflect that bull hegemony will progress.

The Technical Rating indicator indicates that buyer pressure in the TRX market is increasing, noting a long position order since a “strong buy” signal with a reading of 0.45 appears on the 2-hour price chart.

With a reading of 46.0633, the True Strength Index (TSI) rises above the signal line, implying that bullish dominance in the DASH market will continue if bulls hold the resistance level.

DASH/USD 2-hour price chart (source: CoinMarketCap)

A stochastic RSI reading of 81.30 indicates that the market is overbought, alerting investors to the possibility of a near-term turnaround. However, this is only a warning to traders and not a guarantee of price reversion.

With a reading of 119.3674, the Know Sure Thing Indicator is popping up in the positive region and above the signal line, inferring that bull control persistence is anticipated.

DASH/USD 2-hour chart (source: CoinMarketCap)

Per the technical indicators, the bulls will continue to dominate the DASH market.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss

The post DASH Bears Tire as Bull’s Jack Up Prices by 20.11% on Last Day appeared first on Coin Edition.

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