- DASH surged 650% in 4 months, rising from $20 to nearly $150.
- DASH broke long-term resistance near $90, signaling trend reversal.
- A wedge pattern suggests a breakout aiming for the $285 level.
DASH has surged from $20 to nearly $150 in just four months. Analysts point to strong bullish momentum and key breakout patterns. The current setup suggests DASH may continue rising as traders watch for confirmation of a larger trend reversal.
DASH Rallies 650% After Confirmed Breakout
DASH has gained over 650 percent in the last four months, moving from $20 to nearly $150. The sharp rally followed a breakout above a long-term descending trendline, confirming strong buyer interest.
Crypto Patel, a well-known crypto analyst, shared a chart in July showing the setup for a breakout. The price was then consolidating under the $25 resistance zone. It eventually broke the downtrend and began rising rapidly through key levels.
As of early November, DASH was trading between $110 and $150. Analysts say the breakout occurred after the coin reclaimed support and moved past major resistance areas.
Technical Patterns Suggest More Upside
The recent rally is supported by technical patterns. A falling wedge structure has been identified on the 4-hour chart. This often signals a continuation of bullish movement if confirmed.
The current price sits near $107 after a 5.42% pullback, but analysts expect the uptrend to resume. A possible target is the $285 zone, while stop-loss levels are placed near $87.52. Traders are closely watching this area for confirmation of momentum.
Crypto Tony, another analyst, noted that DASH broke long-term resistance near $90 on the weekly chart. He mentioned the breakout came after years of sideways price action. DASH is now trading above $118 with strong bullish candles, suggesting buyers are still in control.
Market Eyes Weekly Close for Further Signals
The market is now focused on the weekly close to assess if DASH can sustain above key levels. A confirmed close above resistance may support further moves upward. The rally is seen as part of a broader altcoin recovery phase in the market.
Volume has also risen significantly in recent sessions, supporting the breakout thesis. If momentum continues, traders anticipate more gains as DASH eyes higher resistance levels in the coming weeks.
This news follows increasing interest in DASH among traders and investors, especially as it breaks out of a long accumulation phase.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
