- Bullish DASH price prediction is $77.90 to $408.20.
- The DASH price will also reach $450 soon.
- DASH’s bearish market price prediction for 2022 is $38.30.
In Dash’s (DASH) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about DASH to analyze the future movement of the cryptocurrency.
Dash Current Market Status
According to CoinGecko, the price of DASH is $63.21 with a 24-hour trading volume of $126,354,576 at the time of writing. However, DASH has increased by nearly 6.9% in the last 24 hours.
Moreover, DASH has a circulating supply of 10,736,777 DASH. Currently, DASH trades in cryptocurrency exchanges such as Binance, OKX, CoinTiger, CoinFLEX, and Bybit.
What is Dash (DASH)?
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.
Dash (DASH) Price Prediction 2022
Dash holds the 88th position on CoinGecko right now. DASH price prediction 2022 is explained below with a weekly time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by a trendline supporting the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, DASH is in the range of $93.72. If the pattern continues, the price of DASH might reach the resistance level of $136.50 and $238.90. If the trend reverses, then the price of DASH may fall to $53.
Dash (DASH) Support and Resistance Level
The below chart shows the support and resistance level of DASH.
From the above daily time frame, it is clear the following are the resistance and support levels of DASH.
| Resistance Level 1 | $77.90 |
| Resistance Level 2 | $136.70 |
| Resistance Level 3 | $241 |
| Resistance Level 4 | $408.20 |
| Support Level | $38.30 |
The charts show that 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 $408.20.
Accordingly, if the investors turn against the crypto, the price of the DASH might plummet to almost $38.30, a bearish signal.
Dash Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of DASH is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of DASH lies below the cutoff line, indicating weaker participants in the current trend.
More so, the DASH’s Moving Average (MA) is shown in the chart above. Currently, DASH is in a bearish state. Notably, the DASH price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of DASH at any time.
Meanwhile, the relative strength index (RSI) of the DASH is at a level of 36.63. This means that DASH is in an oversold state. However, this means a major price reversal of DASH may occur in the upcoming days. So, traders need to trade carefully.
Dash Price Prediction 2022 — ADX, RVI
Let us now look at Dash’s Average Directional Index (ADX). 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. Currently, DASH lies in the range of 67.2, so it indicates a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of DASH. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of DASH lies below the 50 levels, indicating that the direction of volatility is low. In fact, DASH’s RSI is at 36.63 level thus confirming a potential sell signal.
Comparison of DASH with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Dash.
From the above chart, we can identify the trend of the ETH, BTC, and DASH is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and DASH also increases or decreases respectively.
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 in 2022 is $408.20. On the other hand, the bearish DASH price prediction for 2022 is $38.30.
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 $207 very soon. But, it might also reach $450 if the investors believe that DASH is a good investment in 2022.
FAQ
DASH is the native cryptocurrency for Dash (Digital Cash), an open-source blockchain program whose code was copied from Litecoin, which was copied from Bitcoin.
DASH has been listed on many crypto exchanges which include Binance, OKX, Bybit, CoinTiger, and CoinFLEX.
With the ongoing developments and upgrades within the DASH platform, it has a high possibility of reaching its ATH soon.
On Dec 20, 2017, DASH reached its new all-time high (ATH) of $1493.59.
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 $450 soon.
Dash (DASH) price is expected to reach $530 by 2023.
Dash (DASH) price is expected to reach $556 by 2024.
Dash (DASH) price is expected to reach $573 by 2025.
Dash (DASH) price is expected to reach $600 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/dash-price-prediction