Dash (DASH) Price Analysis: DASH Sustains Above $70 Mark With Positive DASH/BTC Pair

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Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • Dash is finally having positive momentum in the cryptomarket.
  • However, the DASH/BTC pair is also having positive momentum with an 8.16% gain with the level of 0.01200130 BTC.  

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Source: coinmarketcap

On the 7day-weekly chart, Dash started with a low price level of $ 46.00. However, the overall bearish market forces pushed the cryptoasset to a significant downtrend movement. The altcoin broke below the crucial level of $50 but got the support level of $40.

Currently, the cryptoasset is at the price of $74.21 with an overall gain of 3.33%. The market capitalization is $698,903,625. The volume traded is $1,177,119,770

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 the level of $80 again, we can expect bullish momentum from the cryptoasset.

Dash Technical Analysis

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 is been one of them but now is showing signs of price recovery.

MACD levels have reached 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 positive nature from the bullish level of 60. If the level plunges below the level of 50, it may turn out to be a negative sign for the cryptoasset.

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

Resistance level: $78 and $80

Support level: $70 and $68

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