Dash (DASH) is showing early signs of a bullish rebound after breaking a weekly falling wedge pattern, a technical reversal signal. Analyst Jonathan Carter suggests downward momentum may be waning. Key resistance levels are identified at $40, $75, $140, and $250, with momentum indicators like the RSI and MACD showing growing buying pressure.
Dash (DASH) is showing early signs of a bullish rebound after breaking out of a weekly falling wedge pattern. The crypto analyst, Jonathan Carter, suggests that downward momentum may be waning.
The previous resistance line has flipped into support, with a second retest underway. Early indications show buyers defending this level successfully.
If the retest holds strong, DASH has the potential to reach multiple levels such as $40, $75, $140, and $250. Carter is urging traders to strategically use these levels for entry or profits.
According to TradingView data, the RSI is at 57.26 and has risen above the 50-line. This indicates an increase in buying pressure.
The MACD at 0.31675 has crossed above the signal line, indicating a bullish crossover. Increasing bullish histogram bars indicate the strength of the momentum.
