The DASH coin price might soon take off to test the resistance trendline and the 50-day EMA. Should you be bullish on the trendline breakout possibility? The DASH coin price shows the fallout of a double top pattern resulting in a downfall of more than 20% in the last week. The prices dive below the $100 mark and take support at $88. The bulls showcase a recovery of 7% the previous day, indicating a possible retracement to the resistance trendline. Will this retracement result in a trendline breakout? Key technical points: DASH coin price falls below the $100 mark. The MACD and signal lines give a bearish crossover. The 24-hour trading volume in the DASH token is $175 Million, indicating a 30% fall. Past Performance of DASH DASH coin price shows a downfall of 25% within five days as it fails to surpass the resistance confluence of the 50-day EMA and a long-coming descending trendline. The descent brings the double top breakout and creates multiple bearish candles ranging from $115 to $88. The recent recovery from the $88 horizontal level marks a 7% rise and hints of a prolonged retracement. Source-Tradingview DASH Technical Analysis The bearish trend brings the DASH coin price back to $88 in less than three weeks as the bullish coup failed to push through the resistance trendline. Moreover, the price could not breach the previous consolidation range between $120-$150. The crucial 50, 100, and 200-day EMAs maintain a bearish al...
