• DASH started the year with a bullish sentiment and rose 52% in the first month.
• Bears are trying to keep it stunted at $53 and have limited investor profits thus far.
• The token has seen a massive surge in transaction volume, suggesting that buyers have been taking long positions.

Dash Price Prediction

Dash, like many other tokens in the crypto market, started the year with a bullish sentiment that inspired hope among investors. The token rose 52% in the first month despite efforts by bears to keep it stunted at $53. With this record of accomplishment, the DASH price regained all the ground lost between May and November when it started dipping following a painful year of downtrends and scandals.

Bullish Sentiment Despite Bear Pressure

Nevertheless, the ground looks shaky for the open-source blockchain token in the first week of February as bears are delivering a good fight that has limited investor profits thus far. The token started the month with a breakout past a critical level but was quickly taken over by bears on February 2 and delivered back to its current support level of $59.26. At press time, DASH price was auctioning for $61.84 after losing 0.91% on the last day, up 48% in trading volume to $120.3 million and recording a live market cap of $685.7 million – making it #67 on CoinMarketCap rankings list

Bitcoin Lead Boosts Altcoins

As Bitcoin (BTC) lead starting January 1st led to an increase in total crypto market cap above $1 trillion on February 6th – most altcoins quickly followed suit; including Dash which is seen as an alternative to BTC due to its two-tiered structure that helps enhance transaction speed and privacy features such as master nodes and full network nodes executing anonymous and instant transactions via Proof of Service principle.. This surge in activity suggests buyers have been taking long positions as they continue to expect more gains from DASH coin prices going forward

Technical Outlook

DASH is currently trading at around $61 after breaking out from its long-term range resistance last week (February 5). A break above this level could see prices target up towards new highs at around $73-$75 levels if bulls can build enough momentum from here onwards . On further upside movement , next potential target could be around 81$ area . On downside , immediate support lies near 59$ zone followed by 55$ zone .


Overall , we expect Dash prices will continue gaining momentum if it manages to stay above 59$ marks ; while minor corrections cannot be ruled out given recent gains . Traders should look out for opportunities arising from short-term consolidation before positioning themselves for any directional bias .