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Developer_Arthur
Feb 15, 2024 7:15 PM

DASH pattern Long

DASH / U. S. DollarKraken

Description

The digital currency DASH is poised for a significant uptrend towards the $130 mark in the upcoming two to three months, driven by a combination of fundamental and technical factors. Firstly, the increasing adoption of DASH in emerging markets for transactions and remittances, coupled with its privacy features, is enhancing its utility and demand. Secondly, the technical analysis reveals a bullish pattern, with DASH forming a strong support base around the $80-$85 level, indicating a solid foundation for the next leg up. Additionally, the anticipated updates and improvements in the DASH network, aimed at enhancing scalability and security, are likely to boost investor confidence. Lastly, the broader cryptocurrency market is showing signs of recovery, and as investor sentiment improves, altcoins like DASH are expected to benefit significantly. Combining these elements, DASH is well-positioned for a bullish trajectory towards the $130 target in the near term.
Comments
Developer_Arthur
actually, I see scenario DASH hitting 2000$. In macro level this would be a complete elliot wave count
Developer_Arthur
One more push down is expected (~26$) within this or next week. This would be completely normal behavior.
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