Dash (DASH) Price Analysis: DASH Sustains Above $40 Mark With Negative DASH/BTC Pair

  • Dash finally has positive momentum in the cryptomarket.
  • The DASH/BTC pair is still negative, with -1.16% loss with the level of 0.00852052.

On the 7day-weekly chart, Dash started with a strong price level of $ 75.00. However, the overall bearish market forces pushed the cryptoasset to a significant downtrend movement. The altcoin broke below the crucial level of $40 but got the support level of $35.

Currently, the cryptoasset is at the price of $44.21, with an overall gain of 2.33%. The market capitalization is $414,903,625. The volume traded is $459,119,770.

The previous broke of $40 price level turned out to be positive for the altcoin as it reached a safe price level of $50. It is expected that if it breaks below the level of$40 again, it will react in the same manner.

Dash Technical Analysis

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The technical graph reflects the downtrend faced by DASH due to the current market forces. Many of the altcoins are facing significant downfall due to the global market crash occurred. Dash has been one of them but is now showing signs of price recovery.

MACD levels are attempting to reach bullish zones. This is a very positive sign for the cryptoasset as it will gain more due to heavy buying volume.

The 24-hr RSI is showing downtrend nature from the bullish level of 60. If the level plunges below the level of 50, it may be turned out to be a negative sign for the cryptoasset.

The 24hr-CCI is also having negative divergence from the overbought region but remains in the normal zone. Any further negative divergence can be a negative sign too.

Resistance level: $50 and $54
Support level: $40 and $36

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Steve Anderrsonhttp://www.thecoinrepublic.com
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.

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