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- Dash is finally having positive momentum in the cryptomarket.
- However, the DASH/BTC pair is also having a positive momentum with a 2.16% gain with a level of 0.1013229 BTC.
On the 7day-weekly chart, Dash started with a low price level of $ 64.00. However, the overall bullish market forces pushed the cryptoasset to a significant positive movement. The altcoin broke below the crucial level of $70 and got the support level of $72 as well.
Currently, the cryptoasset is at the price of $74.21 with an overall gain of 6.33%. The market capitalization is $704,903,625. The volume traded is $729,119,770
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 positive movement made by DASH due to the current market forces. Many of the altcoins are facing significant uptrend due to the global market recovery. Dash is been one of them and 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 turned 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
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
