DASH Technical Analysis: Retracement Warns The Fallout of $50

DASH price action shows a bear cycle within the consolidation range that may shortly project a fallout entry spot as the trend momentum increases. Key technical points: The DASH market value decreased by 7.28% today at press time. The price action shows a high likelihood of a retracement to $50. The 24-hour trading volume of DASH is $65.62 Million, indicating a fall of 2%. Past Performance of DASH DASH prices generated a long-coming highly bearish resistance trendline due to the falling trend started after the failure to surpass the 200-day EMA close to $135. The falling trend takes support at the $53 mark to form a consolidation range with overhead resistance at $63. Furthermore, the growing bullish influence starts a breakout attempt which fails due to the high supply resistance trendline and the $63 horizontal level. Source- Tradingview DASH Technical Analysis DASH prices showcase a retracement rally heading to the bottom support level at $53 while the daily candles display higher price rejection. Hence, traders can expect a breakdown of the support level resulting in a downtrend below the psychological support level of $50. The falling EMAs maintain a bearish alignment representing a solid correction phase in motion. Moreover, the 50-day EMA (red) provides resistance to the bullish recovery. The MACD and signal lines show an uptrend, but the fall in buying pressure can be seen in the declining direction of the bullish tren...