$DASH Technical Analysis
Dash is extending its recovery into a third consecutive green session, with the focus shifting to a potential breakout above the 100-day EMA at 50.98 dollars. At the time of writing, DASH is trading around 52.00 dollars, up roughly 5 percent on Friday.
A confirmed daily close above 50.98 dollars would strengthen the breakout signal over the 100-day EMA and open room for a move toward the 50-day EMA near 59.50 dollars.
Momentum indicators on the daily timeframe are also turning bullish, similar to what is seen on Zcash. The RSI sits near 42 and is slowly pushing toward the neutral zone, while the MACD is preparing for a bullish crossover.
However, if DASH reverses from the psychological 50.00 dollar level, selling pressure may pull the price back to retest the 200-day EMA at 41.16 dollars.
