Overall Trend:
DASH/USDT has recently shown a strong bullish breakout, surpassing its 200-day moving average and forming higher highs, indicating a shift from consolidation to a bullish trend.
Support and Resistance Levels:
Resistance: $36.50 - $38.00
Support: $30.00 - $32.00
Technical Indicators:
RSI (14): At 71.04, the RSI is in overbought territory, indicating the possibility of a short-term correction.
MACD (12,26): The MACD line is at 2.57, significantly above the signal line, showing strong bullish momentum.
Volume: The recent surge in price is accompanied by rising volume, confirming buying pressure.
Cluster and Zone Analysis:
The chart highlights a long-term accumulation zone between $20.00 and $25.00, which acted as a strong support area before the breakout.
The $35.00 - $38.00 zone is now the key resistance area to monitor for further upside.
DASH/USDT is currently in a bullish phase but has entered overbought conditions. Traders should monitor $32.00 for support and $38.00 for resistance. A breakout above $38.00 could attract further bullish momentum, while a pullback to $30.00 may offer a buying opportunity for long-term investors.
