DASH Shatters Resistance: Bullish Breakout Targets $66 and Higher
DASH just ripped through a key technical barrier—and the charts are screaming higher.
The Momentum Shift
Forget sideways drift. This isn't a gentle nudge; it's a decisive breakout that flips the script from consolidation to outright momentum. The move signals a potential end to recent range-bound trading, with buyers now firmly in the driver's seat.
Targets in Sight
All eyes are on the $66 level. It's the next major psychological and technical hurdle. A clean hold above that opens the door to significantly higher ground, with the rally potentially having more room to run than most expect. Traders are now mapping trajectories well beyond that initial mark.
Why This Breakout Matters
In a market often driven by herd mentality, a clean technical breakout like this cuts through the noise. It bypasses the endless debate and provides a clear, price-based signal. It's the kind of move that forces the market's hand—even the skeptics have to pay attention.
The path ahead looks clear, provided the momentum holds. Just remember, in crypto, today's breakout can sometimes be tomorrow's 'what was I thinking?'—a timeless lesson the finance sector pretends to forget with every new cycle.
DASH Breaks Free From Prolonged Downtrend, Bulls Take Control
Moreover, another crypto analyst, ROSE Premium Signals, revealed that the token grabbed the attention of traders and investors in the market after it managed to break out of the falling wedge pattern it was in, a pattern recognized as a strong indication of a reversal in the market. DASH managed to gain close to 15% in the market to trade around $45.08 after the breakout.
Source: Rose Premium Signals
Technically, the breakout from the falling wedge pattern makes a wider rally more accessible if the volume of buying continues to be strong. The major levels of resistance, now in focus, include $74.19, followed by levels at $103.28, and a target of $136.68 if the rally gains further momentum. The breakout could be followed by a recovery phase if the market conditions are supportive and if DASH is able to maintain the strength of the breakout.
DASH 4H Chart Signals Strength After Breakout
Moreover, DASH has shifted into a short-term bullish pattern due to the clear break above the significant psychological level of $40. The strong impulsive move indicates a significant amount of buying activity, and the recent period of stabilization at $44-$45 seems to be quite healthy. The current sideways move, rather than indicating issues, seems to be a sign of the market consolidating and gearing up for the next move.
Source: TradingView
The momentum indicators are still positive. The RSI (14) is currently sitting at about 64, well above the midline SX and not overbought yet. The Bull Bear Power is still positive, although it has cooled slightly, showing that the bulls are still in control. As long as it remains above $42 support, a breakout above $45-$46 is still possible.
Also Read: Dash’s Make-or-Break Moment: Will It Rocket Toward $120?
