Dash (DASH) Price Prediction 2022 – Will DASH Hit $100 Soon?
Bullish DASH price prediction is $47.97 to $103.86.
Dash (DASH) price might also reach $100 soon.
Bearish DASH price prediction for 2022 is $31.60.
In Dash (DASH) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about DASH to analyze the future movement of the cryptocurrency.
Dash (DASH) Current Market Status
According to CoinGecko, the price of Dash (DASH) is $47.36 with a 24-hour trading volume of $60,350,113 at the time of writing. However, DASH has increased by nearly 1.9% in the last 24 hours.
Moreover, Dash (DASH) has a circulating supply of 11,044,164 DASH. Dash (DASH) trades in cryptocurrency exchanges such as Binance, FMFW.io, OKX, XT.com and LBank.
What is Dash (DASH)?
Dash (DASH) is a privacy-focused cryptocurrency existing on its own Dash blockchain. Dash was forked from Litecoin in 2014. DASH was launched initially as the XCoin a.k.a Darkcoin. Later on, the coin was renamed as Dash (DASH).
Masternodes, PrivateSend, and InstantSend are the prime characteristics of Dash. Masternodes enable Dash blockchain to process all transactions faster and instantly. While PrivateSend and InstaSend confer more security, privacy, and anonymity to all the transactions on the blockchain.
Dash (DASH) Price Prediction 2022
Dash (DASH) holds the 74th position on CoinGecko right now. DASH price prediction 2022 is explained below with a daily time frame.
The inverted head and shoulders pattern used as an indicator. This pattern is related to the reversal of the downward trend in prices. This is one of the most common signs of reversal. When the price drops, it will hit a bottom (trough), and then start to recover and rise. Market resistance pushed it back to another trough.
The price fell to the point where the market could not maintain a lower price, and the price began to rise again. Again, market resistance pushed prices down, and prices fell for the last time. If the market cannot support the lower price, the previous low will not be made. This will trigger a higher low before the price rises again. This movement produces three valleys or troughs called the left shoulder, the head, and the right shoulder.
Currently, Dash (DASH) is in the range of $47.33. If the pattern continues, the price of DASH might reach the resistance levels of $47.97 and $52.44. If the trend reverses, then the price of DASH may fall to $45.59.
Dash (DASH) Support and Resistance Levels
The chart below shows the support and resistance levels of Dash (DASH).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Dash (DASH)
Resistance Level 1$54.26Resistance Level 2$78.40Resistance Level 3$103.86Support Level $31.60DASH/USDT Support and Resistance Level
The charts show that Dash (DASH) has performed a bullish trend over the past month. If this trend continues, DASH might run along with the bulls overtaking its resistance level at $103.86.
Accordingly, if the investors turn against the crypto, the price of Dash (DASH) might plummet to almost $31.60, a bearish signal.
Dash (DASH) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Dash (DASH) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of DASH lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Dash (DASH) is shown in the chart above. Notably, Dash (DASH) price lies above 50 MA (short-term), so it is in an uptrend. Currently, DASH has entered a bullish state. Therefore, there is a possibility of a reversal trend of DASH at any time.
Meanwhile, the relative strength index (RSI) of the DASH is 61.29. This means that Dash (DASH) is in an nearly overbought state. However, this means a major price reversal of DASH may occur in the upcoming days. So, traders need to trade carefully.
Dash (DASH) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Dash (DASH). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Dash (DASH). Currently, the ADX of DASH lies in the range of 25.71 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Dash (DASH). RVI measures the constant deviation of price changes over a period of time. The RVI of DASH lies below 50, indicating low volatility. In fact, the RSI of Dash (DASH) is at 61.29 thus confirming a potential buy signal.
Comparison of DASH with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Dash (DASH).
From the above chart, we can interpret that the price action of DASH is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of DASH increases.When the price of BTC and ETH decreases,the price of DASH decreases.
Dash (DASH) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Dash (DASH) might probably attain $110 by 2023.
Dash (DASH) Price Prediction 2024
With several upgrades in the network, Dash (DASH) might enter a bullish trajectory. If the coin grabs the attention of major investors, DASH might rally to hit $115 by 2024.
Dash (DASH) Price Prediction 2025
If Dash (DASH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, DASH would rally to hit $120.
Dash (DASH) Price Prediction 2026
If Dash (DASH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, DASH would rally to hit $125.
Dash (DASH) Price Prediction 2027
If Dash (DASH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, DASH would rally to hit $130.
Dash (DASH) Price Prediction 2028
Dash (DASH) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, DASH would hit $135 in 2028.
Dash (DASH) Price Prediction 2029
If investors flock in and continue to place their bets on Dash (DASH), it would witness major spikes. DASH might hit $140 by 2029.
Dash (DASH) Price Prediction 2030
With greater advancements in the Dash Ecosystem, the crypto community might continue to invest in DASH for the next 8 years and drive significant price rallies for the token. Hence, Dash (DASH) might hit $145 by 2030.
Conclusion
With continuous improvements in the Dash Network, we can say that 2022 is a good year for DASH. For this reason, the bullish price prediction of Dash (DASH) in 2022 is $103.86. On the other hand, the bearish price prediction of Dash (DASH) price prediction for 2022 is $ 31.60.
Furthermore, with the advancements and upgrades to the Dash ecosystem, the performance of DASH would help to reach above its current all-time high (ATH) of $1,493 very soon. But, it might also reach $100 if the investors believe that DASH is a good investment in 2022.
FAQ
Dash (DASH) is a privacy-focused cryptocurrency that was forked from Litecoin (LTC) in 2014. Dash blockchain is based on Bitcoin blockchain code.
Dash (DASH) has been listed on many crypto exchanges which include Binance, FMFW.io, OKX, XT.com and LBank.
With the ongoing developments and upgrades within the Dash platform, Dash (DASH) has a high possibility of reaching its ATH soon.
On December 20 2017, Dash (DASH) reached its new all-time high (ATH) of $1,493.
Dash (DASH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Dash in the past few months, DASH is considered a good investment in 2022.
Dash (DASH) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Dash (DASH) will hit $100 soon.
Dash (DASH) price is expected to reach $110 by 2023.
Dash (DASH) price is expected to reach $115 by 2024.
Dash (DASH) price is expected to reach $120 by 2025.
Dash (DASH) price is expected to reach $125 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Filed under: Bitcoin - @ December 11, 2022 12:00 pm