Dash Price Forecast: DASH overcomes hurdles, approaches $100


#DASH rallies to $96.85 intraday despite the crypto market correction.

$DASH futures Open Interest reaches $165 million, boosting retail interest.

The MACD indicator supports DASH's short-term optimistic view, but an overbought RSI suggests a drop.


On Friday, Dash (DASH) traded at $88.47 as interest in the privacy-focused coin rose after a six-day rise. DASH is up over 7% after falling from its intraday high of $96.85. Dash's short-term bullish outlook is supported by solid technicals.

Retail demand boosts Dash.

Since the week began, Dash derivatives futures Open Interest (OI) has grown to $165 million from $158 million on Thursday. Monday OI averaged $48 million, according to CoinGlass.

OI measures the overall futures contract notional value. Therefore, regular OI gains frequently signal increased investor interest and token market involvement.

The token has been rising for six days because to growing retail demand and solid technical backing.

The January 13 MACD indicator has also maintained a buy signal. The MACD above the signal line and histogram above the mean line support DASH's short-term technical outlook.

Bulls may stay ahead of short-term support at $80.00 by closing over $90.00.

Dash's daily RSI is 85, indicating overbought circumstances. If the RSI rises, positive momentum will build, pushing the price beyond $100.00. However, an overbought RSI suggests the asset may be overextended and heading for a drop.

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