Dash is undergoing a critical retest of a bullish falling wedge pattern, signaling potential for a significant upside breakout. Analyst Jonathan Carter notes that Dash has converted previous resistance into support, a key indicator of bullish momentum. This development is crucial for Dash's near-term price action, with potential targets set at $40, $75, $140, and $250.
The recent price action has seen Dash establish support at a critical level after breaking out from the falling wedge pattern. Historically, such retests have led to significant upward price movements. Carter emphasizes that the second retest of the pattern's support level is essential to confirm the breakout's validity. If the support holds, Dash could see substantial gains, reinforcing the bullish outlook.
As Dash prepares for further upward movement, the stability of its current support is crucial. If buyers maintain this level, the path towards the identified price targets appears plausible. However, failure to hold could lead to further consolidation or decline.
Dash Retests Bullish Falling Wedge, Eyes Major Upside
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