DASH Breaks Out: Technical Pattern Signals Potential Rally to $130
Dash (DASH) has surged 5.62% to $38.94, with its 24-hour trading volume jumping 26.29% to $76.31 million. This price and volume action signals renewed trader interest, positioning the cryptocurrency among the top-performing mid-cap assets during a period of broader market caution.
Technical analyst Jonathan Carter has confirmed a bullish breakout from a falling wedge pattern on Dash's 12-hour chart. This classic technical formation suggests potential upside targets at $52, $70, $94, and possibly $130. The rising volume validates the breakout, indicating growing speculative activity around established blockchain networks with strong fundamentals.
While weekly gains remain modest at 0.34%, the short-term momentum reflects shifting market dynamics. Long-term forecasts for 2025 maintain a bullish outlook despite recent volatility, positioning Dash as a network to watch closely in the coming weeks.
