Dash (DASH) Price Analysis: Dash unable to dodge the bulls, Suffer Major Fall

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Dash suffered a fatal downfall in the market, broke support price and gradually took a massive fall. Hardly managed to climb the average level by the closing time.
  • Sudden fall in the market affected the crypto asset’s value,$50.07 in USD and DASH/USD level performing negatively with loss of -8.61% leading the level to 0.00842897 

DASH1

The 7day-weekly chart shows there is a vital downfall in the price DASH’s prices, leading it to the lowest possible. DASH started its day with a support price of $70. After breaking this price, there was downfall with a massive magnitude.

DASH got affected by the downfall of the global market as it falls so gradually. After fall it tried to break the resistance level of 55$ but failed in its attempt.

Today’s downfall was so serious that it brought major concern among the crypto traders regarding the altcoin. Currently market price is at $51.07 with market capital of $478,928,960 , volume trade of $657,119,778 and circulating supply of $9,377,062.

Dash Technical Analysis

DASH2

 

According to the technical chart, there is a massive bearish movement in altcoins price. The charts show that today, the price dropped so immensely in the recent month. After acquiring the bearish approach, DASH was unable to shift to bullish.

MACD levels stayed in the bearish zone, and there was a heavy dominance in selling. DASH’s day ended in bearish approach.      

The 24hr-RSI had negative divergence and reached the zone of overselling region, DASH barely maintained its presence in normal zone and completed its day in bearish approach.

The 24hr-CCI stayed in the oversold region with a negative divergence even at the end of the day.

Resistance Price $50

Support Price $45

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