|

Dash price ready for a massive breakout towards $160, suggest technicals

  • Dash price remains contained inside a symmetrical triangle pattern on the 12-hour chart.
  • A clear breakout above the pattern can easily drive Dash price towards a target of $160 in the long-term.

The digital asset has been trading relatively sideways for close to one month and awaits a clear breakout or breakdown within the next week. It seems that bulls have taken control again and are eying up a potential price target of $160.

Dash price needs to crack this critical resistance level to see a massive breakout

On the 12-hour chart, DASH has established a symmetrical triangle pattern and it’s trading right in the middle of it. Bulls have defended the lower trendline support at $95 and Dash price rebounded towards $106.

dash price

DASH/USD 12-hour chart

The digital asset has also climbed above the 50-SMA, turning it into a support level. The next resistance level is located at $109, which is the upper trendline of the pattern. A breakout above this point can push Dash price towards $160. 

dash price

DASH IOMAP chart

On the other hand, failure to hold the 50-SMA at $102 will most likely drive DASH towards the lower trendline of the pattern again at $95. The In/Out of the Money Around Price (IOMAP) chart shows very little support around this area. 

The IOMAP chart suggests that a breakdown below $95 might be likely as the most significant support area is located below $91. This adds credence to the bearish outlook given above.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
Share:

Editor's Picks

Arthur Hayes' “Holy Trinity” is dead: Exits Zcash after Orchard Pool exploit

Arthur Hayes has entirely dumped his “Holy Trinity” holdings by offloading his Zcash holdings on Friday. The selling reflects Hayes meticulously trimming his crypto holdings after the sale of Hyperliquid and NEAR Protocol on Thursday. 

Top 3 Price Prediction: BTC eyes $60,000, ETH risks $1,750, XRP could test $1

Bitcoin, Ethereum, and Ripple prices edge lower on Friday, extending a steady decline of roughly 15% so far this week. Institutional outflows weigh on Bitcoin and Ethereum while XRP largely follows the broader market trend.

DeFi hack losses drop 80% from 2022 peak as security defenses improve — Immunefi

Losses from decentralized finance exploits have fallen by 80% since reaching a record high in 2022, according to a report released by Immunefi. The report, which analyzed exploit-driven losses across major blockchain ecosystems between 2020 and 2025, found that DeFi protocol losses declined from $2.62 billion in 2022 to $534 million in 2024.

Ethereum Price Forecast: BitMine's Strategy-inspired stock offering likely to fuel ETH purchases

Ethereum (ETH) is down more than 1.7% over the past 24 hours on Thursday, extending its weekly decline by 12% despite positive feedback following Ethereum treasury firm BitMine Immersion Technologies' (BMNR) plan to launch a Series A Perpetual Preferred Stock.

Billions in ETF outflows don’t bode well
Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.