Dash (DASH) Price Prediction – When will DASH hit $250?

It would not be good news for investors that a prominent crypto exchange platform Houbi announced its plan to delist seven privacy tokens, including Dash. 

Houbi terminated trading privacy tokens due to regulatory pressure. Therefore, investors will not be able to trade with the following security tokens: Dash (DASH), Monero (XMR), Firo (FIRO), Decred (DCR), ZCash (ZEC) & ZenCash (ZEN). 

Earlier in June, the biggest crypto exchange Binance withdrew support for Litecoin as its new MimbleWimble extension allows people to make transactions without revealing any information. Moreover, another flagship privacy token Monero (XMR) enhanced its security features by upgrading its ring signature and security algorithm, which pushed it to delist from Bithumb, Upbit, and Gate.io.

On the other hand, privacy tokens like Dash are more secure for users, particularly those concerned about revealing their identity. As a result, the demand for this token is likely to be solid, which may work as a bullish factor.

Let’s see the Dash Forecast today from the Dash Price Prediction today:

Dash (DASH) Bears Need A Range Breakout

 

DASH/USD price is trading in a strong bearish pressure, followed by the massive selling pressure in the broader crypto market. However, the price action from 15 August remained corrective from 50.00 high to 42.30 low. In that case, a range breakout following the broader bearish trend would be a decent bearish opportunity in this pair towards the downside.

Based on the current price structure, the fresh untested swing high is at 58.52, and swing low is at 38.59, which is our primary trading range. Although the current price is trading at the discounted level in this range, no significant buying pressure is seen in the daily chart.

The dynamic 20-day EMA is above the current price, working an important resistance, while the RSI is bearish below the 50% level, heading towards the 30% oversold zone. 

Based on the high-volume level from August high to September low, the current price is under the sellers’ zone, where the highest volume level is at 47.84 level.

Based on the DASH/USD price prediction, the primary approach is to find the price at the 47.50 to 50.00 zone, from where a bearish rejection would be potential. Moreover, an immediate break below the 42.30 swing low would be another bearish opportunity where the main aim is to test the 37.50 level.

The bearish possibility is potent as long as bears hold the price below the 50.00 level. Therefore, a bullish break above this level with a daily candle would eliminate the bearish structure, increasing the buying possibility toward the 68.52 resistance level.

DASH/USD Ichimoku Cloud Analysis

 

According to the Ichimoku Cloud Dash price prediction, the price is trading below the Kumo Cloud, backed by a bullish break of structure at 48.91 swing high. As a result, the 43.20- 42.20 area has become a valid demand zone in the H4 timeframe, from where any buying pressure may come with solid momentum.

The H4 price structure is still corrective, where multiple violations of the Kumo cloud were seen. In the future cloud, the Senkou Span A is below B, while the thickness of the cloud is positive for bears. 

In the indicator window, the Traders Dynamic Index rebounded from the oversold zone and reached above the 50% area. The dynamic Kijun Sen is still above the price, working as immediate resistance.

The trading approach of the DASH H4 price is bullish as the current price is aiming higher from the important support level. However, the broader trend is still bearish; a bullish H4 close above the 48.91 would indicate a trend change.

Another trading approach is to find the price below the 42.20 level with a bearish H4 candle, where the primary target would be the 35.00 level.

DASH/USD Intraday Price Action Analysis

 

According to the visible range trading volume indicator, the highest activity level from the current price range is 44.85, which is above the current price. Moreover, the immediate low of 42.24 is the important support level to look at from where the current price shows a bullish rejection. In that case, a buying pressure above the 44.85 high volume level would validate the buying possibility towards the 50.00 target level.

In the indicator window, the MACD Histogram is extremely corrective at the neutral level, while the MACD line is aimed higher from the oversold zone. The dynamic 20 EMA and weekly VWAP are above the current price, working as resistances.

Based on the H4 Dash (DASH) Forecast, a bullish H4 candle above the 44.85 level would validate the buying possibility toward the 50.00 level. However, breaking below the 42.20 level with a bearish H4 candle would open the bearish opportunity toward the target of the 30.00 level.

Is Dash (DASH) A Buy?

According to the DASH Price Prediction, the DASH/USD market trend is bearish, where the intraday price is facing support. In that case, a minor bullish pressure may come, where breaking below the 42.20 level would initiate a fresh bearish trend in the coming days.

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