- Summary:
- In this VeChain and Dash Price prediction, we look at what we need to know about the recent price action of Dash and VET prices and whether its time to buy
The Dash price has been relatively volatile recently. In the past few days, the digital currency has risen to an all-time high of $316, pulled-back to $195, and is now trading at $252. In the past 24 hours DASH has fallen by more than 7%. Similarly, the VeChain price has declined by 6.58%, bringing its total market cap to more than $$ billion.
Dash price prediction
In my last prediction, I wrote that Dash price would retest $150. At the time, the currency was trading at $93 and was the 47th largest cryptocurrency in the world. This prediction turned out to be accurate as the currency crossed $150 and soared to $316. Today, it is the 32nd-biggest crypto in the world.
On the four-hour chart, we see that DASH price has been attempting to regain its all-time high level of $318. It is still 18% short of this. The price is attempting to form a bullish engulfing pattern. Also, it remains above the 15-day and 25-day exponential moving averages.
Therefore, in my view, the price will likely retest and move above the all-time high level of $318. However, we should not rule-out another decline in the near term. If this happens, the next level to watch is Monday’s low at $195. Any drop below this level will send a signal that there are still sellers in the market. This will open the possibility of the price falling to even $150.
DASH chart
VeChain price prediction
A few days ago, I warned that the VeChain price would likely drop to $0.013. That was an audacious call that turned out to be wrong. Instead, the VET price surged and reached its all-time high of $0.0605.
On the four-hour chart, the price seems to be forming a triangle consolidation pattern. This pattern is approaching its confluence zone. Therefore, in the near term, I predict that the price will remain at the current range before breaking out higher.
VeChain price chart
