Dash might finally be ready to make a move. After spending weeks in a tight consolidation phase, the charts are starting to flash signs that something bigger could be brewing, and analysts seem to agree.
What you'll learn 👉
Dash Price Breaks Out of Its Triangle Pattern
According to ZAYK Charts, Dash has just broken out of a symmetrical triangle in the one-hour timeframe.
That pattern’s been building for days, with lower highs and higher lows squeezing price into a narrow range. These structures usually resolve with a quick directional direction, and in this case, the breakout seems to be upwards.
The price of DASH has broken above the higher trendline after crossing the significant $45 level, and momentum is starting to gain steam. When triangles like this break with solid volume, they often trigger quick, powerful rallies.
Bullish Pennant Targets Around $55-$60 for DASH
Analyst, World of Charts, references a bullish pennant on the 4hr chart, a continuation pattern that tends to form before the next leg higher. Both charts are now in sync, which adds more conviction to the bullish setup.
Their target? Between $55 and $60, depending on the follow-through strength. That’s roughly a 25% to 35% potential upside from where Dash is trading right now.
The DASH price area around $55 also lines up with an earlier resistance zone, making it a natural next stop if the rally continues.
Key Levels and Momentum Shift
The breakout has flipped the $44-$45 area from resistance into new support. That’s the level traders will be watching closely, if Dash holds it, the move could extend higher.
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Technical indicators like RSI and MACD are showing early bullish signals, indicating the selling pressure that’s kept Dash quiet for weeks is finally easing off.
What’s Next for Dash
If momentum keeps building, Dash price could easily make a run toward $55-$60 in the short term. But like always, traders should stay alert for fakeouts, and failed breakouts can pull price back into the range fast.
For now, things are looking positive. Dash has broken its downtrend, it also recaptured its crucial levels, and got traders’ interest once again. If the bulls prevail, this could be the start of DASH next rally.
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