Technical Analysis for DASH/USDT on Binance: Potential Targets šÆ
As we analyze the price action of DASH/USDT, we can see some intriguing developments. After a solid upward movement, DASH has shown strong momentum, currently trading at $37.81, marking an 18.79% increase in recent trading. Letās dive into the key support, resistance, and potential targets for the coming hours/days.
š Key Levels:
Current Price: $37.81
24h High: $37.90
24h Low: $31.12
24h Volume (DASH): 364,790.06 DASH
24h Volume (USDT): 12.80M USDT
SAR: 36.13 (Shows strong support near this level)
šÆ Target 1: $38.50
Rationale: The first target is $38.50, where we expect some resistance based on the current momentum and previous price action. A break above this level could indicate a continuation of the bullish trend.
šÆ Target 2: $40.00
Rationale: The $40 mark is a significant psychological level. A breakthrough here would suggest a strong bullish trend, potentially pushing DASH toward new highs. Watch for breakout confirmations such as higher volume and bullish candle formations.
šÆ Target 3: $42.00
Rationale: If DASH continues its upward momentum, $42.00 represents the next major resistance zone. This target could come into play if DASH remains in bullish territory and sustains above previous resistance levels.
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