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  • Dash price is currently contained inside a parallel channel on the 12-hour chart.
  • Dash bulls face a strong resistance level that could be the key for a 37% breakout.

Dash has been trading somewhat sideways for the past month and it’s awaiting a potential breakout towards $136, but needs to climb above several resistance levels first. The digital asset has formed a parallel channel on the 12-hour chart and it’s trading right in the middle.

Dash price can reach $136 if bulls can conquer this level

On the 12-hour chart, Dash price is just below the 50-SMA and 100-SMA levels which coincide at $100. This resistance point is crucial and if broken, Dash price could climb towards the top of the parallel channel at $110. 

dash price

DASH/USD 12-hour chart

The resistance level at $110 is the final step before a breakout towards $136. The initial breakout would push Dash to $123 before a small correction and a final push to $136.

dash price

DASH/USD 12-hour chart

However, Dash price is still below the 50-SMA and 100-SMA and might get rejected from $100. This rejection can quickly push the digital asset down to $85 which is the lower boundary of the parallel channel and the 200-SMA.