Dash (DASH) Recovering Against The Price Halving

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.

 

  • Dash is recovering strongly and with the help of growing demand.
  • Dash is moving fast towards its regular halving.
  • DASH/BTC pair is performing negatively with loss of -7.22% which brings the level to 0.01004816.

Halving of DASH

DASH is staying strong ahead halving as per its curriculum the DASH miners reward are to be reduced by 7% each year, which means the nearest reduction will occur on April 27.

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Even though halving is up ahead, the DASH prices are having continuous price growth due to an increase in its popularity. Due to these prices are having the support they require.

Today DASH hits the highest of  68.90 which is just double its recent major low $31.91 due to the collapse of the world market.

dash
Source: Tradingview

Currently the DASH’s market capitalization is$6,33,125,617 USD $905,549,749 USD with circulative supply of 9,390, 379 DASH.

DASH prices are climbing gradually and there is some negative momentum too but prices are mostly occupied by the bulls and showing the potential that they can break off the crucial resistance of $80.

Technical indicators and oscillators are performing well with the heavy bullish dominance.

MACD levels are showing that buying volume has complete dominance against overselling volume.

The 24Hr-RSI is in over buying region showing heavy bullish nature.

The 24hr-CCI torched the topmost point of over buying region and then start falling back, currently, it’s trading at the top of the normal zone.

Resistance Level: $ 75 and $80
Support level:  $ 50 

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