- DASH rises for the third straight session on Sunday.
- No. 24 coin risks further upside amid bullish technical outlook.
DASH/USD, with a market capitalization of $0.45 million, is one of the top performers amongst the top 30 widely traded crypto assets this Sunday. The No. 24 coin trades with strong bullish bias and rallies near 7% so far, having clocked fresh three-week highs at 49.68. Over the last hour, the price has corrected slightly and battles the 49 handle, still on track to book a 15% gain on a weekly basis while up nearly 13% over the last 24 hours.
DASH/USD 15-minutes chart
- Following a bull pennant breakout early Sunday, the coin almost tested the pattern target of 49.89.
- The price could retrace further to the bullish 21-bar SMA at 48.10 before the next push higher.
- On a breach of the last, DASH bears will test the key 46.85 demand area, where the bullish 50-bar SMA coincides with the pennant breakout point.
- The Relative Strength Index (RSI) has reversed from higher levels in the overbought territory, suggesting some consolidation likely in the day ahead.
DASH/USD daily chart
- A bullish breakout from a three-month-long falling wedge breakout was confirmed on Saturday.
- DASH could test the pattern target of 80.30 over the coming quarter, above which bearish 200-DMA at 85.69 could be challenged.
- The coin, however, needs a daily closing above bearish 50-DMA of 49.39 for a sustained move higher.
- The immediate support is seen between 42.90-40 levels, the confluence of the pattern trendline resistance and bearish 21-DMA.
- The RSI points higher towards the overbought territory, indicating the further upside remains in play.
DASH/USD Levels to watch
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