The post DASH Gears Up for Bullish Wave-3: Can the Price Break The Broder Downtrend? appeared first on Coinpedia Fintech News
Dash has surged nearly 9–10% in the latest session, pushing the price toward the $39–$40 zone after holding a strong base near $26–$30 over the past few weeks. The move comes with a visible uptick in volume and momentum, signalling strengthening bullish pressure in the short term.
However, the broader structure remains constrained within a descending channel, with key resistance stacked near $40–$41, followed by a major breakdown level at $51. As long as the DASH price trades below this upper trendline, the rally still sits within a bearish framework—making the current move a potential setup rather than a confirmed breakout.
DASH Price Heading Towards a Major Resistance
The price has triggered a rebound from the lows, and this move can be considered a third consecutive bullish wave. However, the upper resistance remains capped at $50, as the token is still stuck in a descending wedge from a broader perspective. Currently, the price is pushing into the $39 to $41 zone, which aligns with previous support-turned-resistance and the upper boundary of the short-term range.
The move is backed by improving momentum, as RSI trends higher and CMF flips positive—indicating fresh capital inflows. However, this push is happening within a larger descending structure, keeping the broader trend under pressure.
From a technical perspective, the immediate barrier is $40–$41, and a clean breakout above this level could pave the way towards $50–$52, where the major trendline resistance resides. This is the level that truly matters—only a sustained move above $50 would invalidate the broader bearish structure. On the downside, $35–$36 acts as immediate support, followed by a stronger base near $26–$30, which has held multiple times. As long as DASH remains below the upper trendline, this rally is still a lower high setup, not a confirmed trend reversal.
What’s Next for the DASH Price?
Dash is nearing a critical turning point as the price approaches the descending trendline resistance. If bullish momentum sustains, the $50 level—aligned with horizontal resistance—becomes the key breakout zone. A move above this range could trigger fresh upside and renewed buying interest. However, failure to break through may keep price confined within the wedge, consolidating below $50 until stronger bullish conviction returns.