Dash Price Prediction 2021 – Will DASH Hit $500 Soon?

Dash Price Prediction 2021 - Will DASH Hit $500 Soon?
  • Bullish DASH price prediction ranges from $185 to $478.
  • The DASH price might also reach $500.
  • DASH bearish market price prediction for 2021 is $100.

In DASH price prediction 2021, we use statistics, price patterns, ADX, and much other information about DASH to analyze the future movement of the cryptocurrency. 

Dash is a cryptocurrency that can be used to send and receive payments. Dash, which was launched in 2014, was previously known as Xcoin. In March 2015, it was renamed Dash after being rebranded as Darkcoin.

The platform aspires to be a medium for daily transactions, and it has cast a wide net to achieve that goal. The cryptocurrency’s first foray into an economically distressed country occurred in 2018, when the digital cash company expanded into Venezuela.

Current Market Status of Dash (DASH)

According to Coingecko, the price of DASH is $142.96 with a 24-hour trading volume of $775,784,507 at the time of writing. However, DASH surged to 15.98% in the last 24 hours.

Moreover, DASH has a circulating supply of 10,239,679 DASH. Currently, DASH trades in cryptocurrency exchanges such as Binance, CoinTiger, OKEx, Huobi Global and ZBG. 

Dash (DASH) Price Prediction 2021

Dash (DASH) holds the 56th position on CoinGecko right now. DASH price prediction 2021 explained below with a daily time frame. 

DASH/USDT Higher High and Higher Low Pattern (Source: Tradingview)

When the peaks and troughs on a chart ascend, an uptrend is occurring. Prices in that uptrend can be seen as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only do the highs finish higher, but the lows from a previous period of time gain value and end up being higher than before. This indicates to a trader that prices are rising and the overall value is rising, indicating that it is time to sell and make a profit before a downtrend occurs.

Currently, DASH is waving at $142. After this, DASH may continue to fall according to the higher high and higher low pattern. With this pattern, DASH might reach the resistance level at $428 soon. If the trend reverses, then the price of DASH may fall to $100.

Dash (DASH) Support and Resistance Level

The below chart shows the support and resistance level of Dash (DASH).

DASH/USDT Support and Resistance Level (Source: Trading view)

From the above chart, it is observed that the following are the resistance and support level of DASH.

  • Resistance Level 1 – $185
  • Resistance Level 2 – $248
  • Resistance Level 3 – $343
  • Resistance Level 4 – $478
  • Support Level 1 – $100
  • Support Level 2 – $65

The chart depicts the bullish performance of DASH over the previous month. However, this trend will continue to reach resistance level at $428 soon. On the contrary, if the trend reversed then DASH might fall to $100 presenting a bearish signal.

Dash (DASH) Average Directional Index (ADX)

Let us now look at DASH’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

DASH/USDT ADX (Source:TradingView)

The above chart represents the ADX of DASH with the range at 38.75, so it indicates a strong trend.

Conclusion

The DASH is one of the cryptos which is great for long-term investment. In addition, DASH price prediction will be bullish for a short-term period. It has a good chance of reaching $478 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the DASH ecosystem, the performance of DASH would rise reaching $478 very soon. But, it might also reach $500 if the investors believe that DASH is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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