DASH Technical Analysis: Reversal At $100 Challenges 50-day EMA

DASH coin price shows a recovery rally starting from the $100 mark challenging the dynamic resistance of the 50-day EMA. Should you be bullish? Key technical points: The MACD and signal lines are ready for a bullish crossover The DASH coin price has ascended by 10% within the last four days Finally, the 24-hour trading volume of Dash is $239.31 Million, marking a 68% rise Past Performance of DASH DASH coin price sustains above the psychological barrier at $100 as the buyers step into takeover trend control. The bullish reversal attempts to undermine the previous bearish fall of 25% within a week after a consolidation fallout. Moreover, the recovery forms a triple white soldier pattern reflecting a surge in underlying bullishness. Source-Tradingview DASH Technical Analysis DASH coin price shows a sharp V-shaped reversal challenging the 50-day EMA and approaching the $115 mark. Hence, the breakout of the resistance level will signal a buying signal for bullish traders. A cluster of EMAs(20, 50, and 100) keeps a bearish alignment in the daily chart, with the 50-day EMA providing dynamic resistance. However, the upcoming bullish rally challenges the 50-day EMA, and a breakout will result in a jump to $130. RSI Indicator: The RSI slope shows a recovery rally that starts in the nearly oversold zone and reaches the halfway mark. The rally also takes up a challenge with the 14-day average line at the halfway point. Hence, the indicato...