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.
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.
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.
